A single member LLC can be a disregarded entity, regardless of ownership. It may always default to the EIN/SSN of the owner unless the LLC has employees.
EIN for LLC If Single Member is a Trust?
If a customer wants to open an account as a single member (or sole member) of an LLC, but the single member listed on the Formation of LLC paperwork is the customer's single person revocable trust, can the customer still use their SSN to open the LLC account or should they get an EIN for the LLC since the single member is a trust?
First published on 06/17/2018