Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Single member LLC and EIN
Hello BP friends, Hope all is well.
I am going to set up a single member LLC in California and use that entity to hold the title of a property that we will be purchasing. I and my husband will be the only members in the LLC.
To start a single member LLC, do I have to apply for a new EIN for the LLC? I had an impression that it would not be necessary, as a single member LLC is a disregarded entity, and the tax return will be filed under our personal social security numbers.
Also, if the property is in a different state than the one where the LLC is based in, would that be ok?
Thank you very much for your expertise and insights in advance.
Best Regards,