Skip to content

New Loan for General Partnership

Answered by: 

Question: 
When opening an account or a new loan for a general partnership, is it acceptable to use one of the partners SS# for the Partnership? They never got an EIN for the partnership.
Answer: 

You should insist upon an EIN for the partnership. The IRS requires that a partnership have an EIN.

First published on 07/12/2015

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics