Do I need a separate EIN for each property series under my Series LLC in Ohio?

Question

I'm new here and just purchased my first investment property in Ohio. I have a Series LLC registered with the state. I now want to transfer the property into my Series LLC but I don't know if I need a separate EIN for my first property series (cell).
The other question is, do I need specific verbiage to do the Quick Claim Deed for the series LLC?

I'm also in need of a CPA/tax advisor to advise on what's the best structure from a liability protection and tax planning standpoint.

Thanks for your input.

I'm also in need of a CPA/tax advisor to advise on what's the best structure from a liability protection and tax planning standpoint.

Thanks for your input.

Sean O'Keefe · Answer

@Jackie Linne Each LLC is considered a separate legal entity for tax purposes, and therefore, each LLC must have its own EIN. This is true even if the same person or group of people own both LLCs.

Sahil Jain · Answer

@Remington Lyman I'd also love to have a referral to Attorney and CPA. Thank you!

Sean O'Keefe · Answer

Thanks, Remington

Remington Lyman · Answer

I can connect you to an attorney and CPA in Ohio that can help you with your question. Let me know if you want the referral

Jackie Linne · Answer

Yes, I would love a referral! I'm not finding anyone that knows how to best structure Series LLC. Please in-box me. Thank you!

Chris Seveney · Answer

It is my understanding that YES you need a separate EIN for each one. Just my opinion but one residential property per LLC is an overkill in my mind and just ends up costing a lot more money down the road in administrative / accounting fees.

Do I need a separate EIN for each property series under my Series LLC in Ohio?

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