EIN number

[jrollo]

TP received an EIN for a new business started in 2010 and planned on becoming a Limited Liability Company, However, he never completed the correct paperwork, and decided to operate as a sole proprietor.

My question is may I use the EIN number on his Schedule C?

Thank you,

Jeff

[Gail in Virginia]

For federal purposes, a Single Member LLC is a disregarded entity. Had he become an LLC, would he have filed as a sole proprietor and used a schedule C?

[jrollo]

Gail:

Yes to both. If he had became an LLC he would have filed as a sole proprietor and used schedule C.

[kcjenkins]

Then yes, you may use that EIN on the Sch C.

[jrollo]

Then yes, you may use that EIN on the Sch C.

KC:

Thank you all for the information

Jeff