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Updated over 6 years ago, 06/25/2018
Question regarding LLC EIN
I recently created a TX LLC to buy and hold rental properties. The LLC has 2 members and when I registered to get an EIN with the IRS, my registration got switched from an LLC to a Partnership. The IRS website mentioned something about applying to switch back to a corporation status instead of being a Partnership. My question is: Does being registered as a partnership instead of an LLC will make any difference when it comes to tax/legal matters? Thank you in advance for any input you may provide.