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Can you have more than one ein


Yes, a business can have more than one Employer Identification Number (EIN) under certain circumstances. Here are some situations where multiple EINs might be necessary: 1. **Different Businesses**: If you operate multiple businesses that are legally distinct (e.g., separate LLCs or corporations), each will require its own EIN. 2. **Change of Structure**: If your business changes from a sole proprietorship to a corporation or partnership, you may need a new EIN. 3. **Having a Partner**: If a single-member LLC brings in a partner and becomes a multi-member LLC, a new EIN is required. 4. **Bankruptcy**: If your business undergoes bankruptcy, you may need a new EIN. 5. **Certain Tax Situations**: Certain tax situations, such as changes in the ownership structure or tax filing status, may also necessitate a new EIN. However, if you have a single business structure, such as a sole proprietorship without employees, you typically only need one EIN. It's always a good idea to consult with a tax professional or legal advisor to understand your specific requirements.