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Joint PLLC, but Only One SSN

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Question: 
I have a PLLC opened with a husband and wife. It is in the wife's social security number. They both want to leave that way. Can they do this?
Answer: 

A multi-member PLLC is taxed as a partnership or a corporation (depending on their election) under IRS rules and needs its own TIN.

First published on BankersOnline.com 1/03/11

First published on 01/03/2011

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