LLC as disregarded entity

[Jessica Stern]

hello! I am a Philadelphia investor, and need to add my LLC as a disregarded entity to my tax ID. This is so I can get my rental license. Any idea how to do this?

Thank you!

[David M.]

@Jessica Stern

Well, I don't think you can...  Tried looking quickly at the Philly licensing website, but honeslty quit.

If the LLC is the Title holder, it needs to register, correct? Then, apply for an EIN from the Fed IRS for your LLC. While as a single member LLC it is disregarded for tax filing purposes, you can still get an EIN because in some to many circumstances people need it --- just not normally for real estate investments.

Remember, the LLC is its own legal entity (in PA). Similar to a person, but just without a heart beat. So, you need to treat it as such, especially to maintain its corporate veil.

Hope that helps.  Happy to chat.  Good luck.