04/20/2025
I have an LLC with two members. One member has sold out to the other member. Does the LLC need to get a new EIN and account or can it keep the same EIN and account?
04/13/2025
I have a single member LLC that is not a disregarded entity. I have an EIN letter that says single member. Should my signature card show Single Member LLC or LLC (LLC tax classification)?
03/09/2025
We have a sole proprietorship DBA account under a Social Security number. The customer now has an LLC with an EIN. Do I need to change the account number or just update the signature card to reflect the LLC as the Primary and remove the DBA on the account?
01/26/2025
I have two questions about accounts for trusts.
Does the account title of a revocable trust need to change when the trust becomes irrevocable?
If a customer had an EIN for a revocable trust prior to her death, can that EIN continue to be used now, since the trust became irrevocable after her death, or must the new trustee(s) apply for a new EIN?
07/30/2023
Can a joint venture be between two individuals? If yes, how should the account be styled should the EIN be the Social Security number of one of the individuals?
06/10/2018
I have a group of customers who want to open a business account. The account owners will be a Partnership (with a partnership agreement with accompanying EIN) and two individuals. There is no formal partnership agreement amongst these three entities (Partnership, Individual A, Individual B). Would this be classified as a partnership, and what EIN should be used?
12/04/2016
Can an LLC account earn interest and can a Social Security number be used instead of an EIN? Also, can a limited partnership earn interest?
07/19/2015
If there is a Non-profit Corp with a DBA, can that DBA have its own EIN? It seems that an entity with its own EIN would be a separate entity, not a DBA.
10/13/2014
When I have a DBA with an EIN number, do I still use the owner's Social Security number as the reporting TIN?
04/14/2014
Does an account with an EIN have to be classified as a business account? I am specifically asking about trusts and estates.