Member Avatar for tiger86

I am forming my business into a LLC (Limited Liability Company) that does not fall under any of the prefences for an EIN according to the IRS; yet the company who is helping me LLC says that I need one. Do I need an EIN if I am the only worker and do not plan on hiring anyone? I would really like the opinion from someone who runs an LLC. Thank you. I hope I got the right forum this time!

  • 2 Contributors
  • 2 Replies
  • 67 Views
  • 6 Days Discussion Span
  • Latest Post Latest Post by tiger86

Dani AI

Generated

Short answer for : in most cases a single‑member LLC with no employees does not need an EIN for federal tax filing — the IRS treats a one‑owner LLC as a "disregarded entity" and the owner reports business income on personal returns using a Social Security number. The IRS also lists the situations when an EIN is required (for example, if you hire employees, file certain excise or employment tax returns, or elect corporate tax status). See the IRS guidance here: and Single‑member limited liability companies.

Practical notes (so you can decide without paying $50 to a lawyer): formation services often include an EIN because it is quick, but you can get one free from the IRS in minutes if you want one now: Apply for an EIN Online. Some owners still obtain an EIN for privacy or to meet bank/vendor requirements — banks and states vary, so check with your bank or state agency before assuming you need one.

If you want low‑cost help instead of a lawyer (as suggested), free counseling and local business assistance are available through the Small Business Administration and SCORE; search local resources at SBA Local Assistance.

Recommended Answers

All 2 Replies

Member Avatar for Ancient Dragon

why don't you spend $50.00 and go ask a lawyer that specializes in such things.

Member Avatar for tiger86

I don't have 50.00 to spend.

Be a part of the DaniWeb community

We're a friendly, industry-focused community of developers, IT pros, digital marketers, and technology enthusiasts meeting, networking, learning, and sharing knowledge.