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Updated over 6 years ago on . Most recent reply

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93
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23
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Sonu Sharma
  • Investor
  • Frisco, TX
23
Votes |
93
Posts

Parent LLC with Series LLCs under it

Sonu Sharma
  • Investor
  • Frisco, TX
Posted

Hi, I set up a new LLC with a series for each of my rental properties under it.

Would anyone know if I need to setup a separate EIN number for the parent and each of the series under it or just have an EIN for each of the series companies only ? My CPA is out of town and I need this info quickly and hence the question here. Thank you.

Most Popular Reply

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895
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244
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Gita Faust
  • Accountant
  • Richboro - Philadelphia, PA
244
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895
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Gita Faust
  • Accountant
  • Richboro - Philadelphia, PA
Replied

@Sonu Sharma - Each EIN number should have its own accounting file. 

Easy to file tax returns and view financials. AND be ready for audits. Hope that never happens.

Have a great weekend! 

Gita

  • Gita Faust
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