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Docs to Support A Sole Member LLC to Use SSN#

Answered by: 
Ken Golliher

Question: 
What support documents are sufficient to support a Sole Member LLC to use their social security number?
Answer: 

No "extra" documents are required; i.e. if it is an interest bearing account the TIN certification will suffice. Otherwise, you do not need anything.

The LLC may use the TIN of a single member (includes corporations and another LLC) if the LLC is "disregarded" for income tax purposes. That affects the single member's income tax return, but it has nothing to do with the bank's responsibilities.

First published on BankersOnline.com 2/11/13

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First published on 02/11/2013

Filed under: 
Operations
Security
Filed under operations as: 
Interest
IT
Security
Social Security
TIN
Filed under security as: 
IT
Security
Social Security
TIN

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