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Updated about 6 years ago on . Most recent reply

User Stats

93
Posts
23
Votes
Sonu Sharma
  • Investor
  • Frisco, TX
23
Votes |
93
Posts

Parent LLC with Series LLCs under it

Sonu Sharma
  • Investor
  • Frisco, TX
Posted

Hi, I set up a new LLC with a series for each of my rental properties under it.

Would anyone know if I need to setup a separate EIN number for the parent and each of the series under it or just have an EIN for each of the series companies only ? My CPA is out of town and I need this info quickly and hence the question here. Thank you.

Most Popular Reply

User Stats

895
Posts
244
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Gita Faust
  • Accountant
  • Richboro - Philadelphia, PA
244
Votes |
895
Posts
Gita Faust
  • Accountant
  • Richboro - Philadelphia, PA
Replied

@Sonu Sharma - Each EIN number should have its own accounting file. 

Easy to file tax returns and view financials. AND be ready for audits. Hope that never happens.

Have a great weekend! 

Gita

  • Gita Faust
  • Loading replies...