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Updated over 8 years ago on .
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SD401k - sub-Borrower EIN Application Problems?
I wanted to ask in case someone else came across this. I setup an SD 401k (it is a trust setup through Sunwest Trust, as recommended by this forum), a 401k plan under an existing LLC with myself as the sole employee. Both the existing LLC and the SD401k have EINs.
Now I have setup another LLC with which I plan to purchase property, with the SD 401k as the sole member of the LLC. When I apply for a new EIN at the IRS website, with the EIN of the SD 401k as the existing business, I get an error.
I have faxed in an application - which should take no more than 4 business days to process and it has been 6 business days now. I'm just wondering if anyone else had a problem like this before?