How to Maintain a Federal ID Number When Converting to an LLC

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    • 1). Familiarize yourself with the available circumstances when restructuring that do not require a new EIN. According to the IRS, when restructuring, you are not required to get a new EIN if your structure is a division of a corporation, if the LLC is a result of a corporate merger, if the LLC reorganization resulted in only an identity (name) change, or if the conversion happened at the state level and your business structure remains unchanged.

    • 2). Decide which situation applies to your corporation.

    • 3). Consult with a qualified tax professional or chartered accountant to ensure the restructuring of your company falls into the IRS guidelines for not needing a new EIN.

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