Quick Answer: Can I Get A Separate EIN For My DBA?

Can you have multiple DBA under one ein?

If you need and/or use an EIN, you’ll just need one EIN.

And when it’s time to file your taxes, you can take the income earned from each DBA and report them in a single tax filing under the main LLC or corporation.

So if one DBA is sued, all the other DBAs under the main LLC/corporation are liable..

Does each DBA need an EIN?

Your DBAs are just your business nicknames, and therefore, you won’t have a separate EIN for a DBA. Not all businesses need an EIN. Whether you’re required to have one depends on how your business is organized and what kind of taxes it pays. Do I Need an EIN for My Business?

What is the purpose of a DBA?

In the U.S., a DBA lets the public know who the real owner of a business is. The DBA is also called a fictitious business name or assumed business name. It got its origins as a form of consumer protection, so dishonest business owners couldn’t try to avoid legal trouble by operating under a different name.

What’s better LLC or DBA?

One main difference between an LLC and a DBA is the limited liability protection you obtain when you form an LLC. Because an LLC is a separate legal entity, the personal assets of its owners—known as members—remain separate from the assets of the business.

Can I add a DBA to my ein?

There is nothing the business owner does to transfer their EIN to a new DBA besides legally registering for the DBA. If a business wants to add or change a DBA, it registers the new DBA with the state and local agency that has jurisdiction over businesses and the registration must always include the business’ EIN.

Does a DBA file a separate tax return?

C Corps also frequently use DBAs in the same way that LLCs do to simplify tax filing, as DBAs do not require separate tax filings.

How can I run two businesses under one company?

You can run two or more businesses under one LLC by either:running all the business activities under one LLC name, or.registering DBAs (“doing business as”), also known as Fictitious Names.

Write your “doing business as” name exactly the way you register it. For example, if Jane T. Bride, a sole proprietor, wants to open a bridal boutique under the name “Bridal Haven,” she can register the name with her state or county clerk. Once approved, she would write her company’s legal name as “Bridal Haven.”

How do I get an EIN number for a DBA?

Apply for an EIN with the IRS assistance tool. It will guide you through questions and ask for your name, social security number, address, and your “Doing Business As” (DBA) name. Your nine-digit federal tax ID becomes available immediately upon verification.

Do I have to pay taxes on a DBA?

Lack of tax benefits: A DBA is not a corporation, so merely filing a DBA that is not part of a “corporate umbrella” like an LLC will not give you any special tax benefits. If you are “only” doing business as a DBA, any money your business makes passes through to your individual tax return and is taxed accordingly.

What to do after getting a DBA?

7 Actions to Take After Incorporating Your BusinessGet an Employer Identification Number (EIN) from the IRS. … Apply for your business licenses. … Meet with a tax advisor. … Open a business bank account. … File a Doing Business As (DBA). … Protect your name with a trademark. … Understand what you need to do to stay compliant.