Federal Tax ID
Also known as an Employer Identification Number (or EIN), this is required for things like a bank account, hire employees, etc.
Also known as an Employer Identification Number (or EIN), this is required for things like a bank account, hire employees, etc.
Also known as an Employer Identification Number (or EIN), this is required for things like a bank account, hire employees, etc.
What it is...
A limited liability company (LLC) is a structure allowed by state statute.
An LLC is formed by filing articles of organization with the state's secretary of state office.
An LLC must be unique in its state. There can be no more than one active LLC with the same name in the same state.
For federal tax purposes, an LLC may be treated as a partnership or a corporation, or be disregarded as an entity separate from its owner.
An LLC can have two or more members (multi-member) or one member (single-member).
An LLC can have an unlimited number of members.
An LLC's members may include individuals, corporations, other LLCs, or foreign entities.
What it is not...
LLCs are not incorporated and do not file articles of incorporation.