jrollo Posted January 31, 2011 Report Share Posted January 31, 2011 TP received an EIN for a new business started in 2010 and planned on becoming a Limited Liability Company, However, he never completed the correct paperwork, and decided to operate as a sole proprietor. My question is may I use the EIN number on his Schedule C? Thank you, Jeff Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted January 31, 2011 Report Share Posted January 31, 2011 For federal purposes, a Single Member LLC is a disregarded entity. Had he become an LLC, would he have filed as a sole proprietor and used a schedule C? Quote Link to comment Share on other sites More sharing options...
jrollo Posted January 31, 2011 Author Report Share Posted January 31, 2011 Gail: Yes to both. If he had became an LLC he would have filed as a sole proprietor and used schedule C. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted January 31, 2011 Report Share Posted January 31, 2011 Then yes, you may use that EIN on the Sch C. Quote Link to comment Share on other sites More sharing options...
jrollo Posted January 31, 2011 Author Report Share Posted January 31, 2011 Then yes, you may use that EIN on the Sch C. KC: Thank you all for the information Jeff Quote Link to comment Share on other sites More sharing options...
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