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Updated 9 months ago on . Most recent reply

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Jackie Linne
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Do I need a separate EIN for each property series under my Series LLC in Ohio?

Jackie Linne
Posted

I'm new here and just purchased my first investment property in Ohio. I have a Series LLC registered with the state. I now want to transfer the property into my Series LLC but I don't know if I need a separate EIN for my first property series (cell).
The other question is, do I need specific verbiage to do the Quick Claim Deed for the series LLC?

I'm also in need of a CPA/tax advisor to advise on what's the best structure from a liability protection and tax planning standpoint.

Thanks for your input.

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Sean O'Keefe
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#3 Tax, SDIRAs & Cost Segregation Contributor
  • CPA | Accepting new clients | 50 States
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1,170
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Sean O'Keefe
Pro Member
#3 Tax, SDIRAs & Cost Segregation Contributor
  • CPA | Accepting new clients | 50 States
Replied

@Jackie Linne Each LLC is considered a separate legal entity for tax purposes, and therefore, each LLC must have its own EIN. This is true even if the same person or group of people own both LLCs.

  • Sean O'Keefe
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