Thread Starter: SARempress
Title: Re: CIP and "Individual" LLC
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Sorry to resurect such an old thread, but I have an issue with CIP as it related to a disregarded entity and a meeting with the client this morning.
I have an LLC that is owned by another US corporation. The LLC is a disregarded entity and does not have their own EIN. I understand that for tax purposes the LLC does not need a separate tax identification number, but what about CIP? Wouldn't they need their own number as a separate entity in order to open a bank account? PLEASE HELP!!
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