4 ms·
Not necessarily...first 3 quick facts: Member = owner Manager = manager LLC's can be member-managed or manager-managed. Now the transaction: 1. Lawyer form
by will_brown 9y ago
Not necessarily...first 3 quick facts:
Member = owner
Manager = manager
LLC's can be member-managed or manager-managed.
Now the transaction:
1. Lawyer forms you Anonymous LLC,the sole owner of the LLC is an irrevocable trust and you are the sole manager (the LLC is manager-managed);
2. Obtain an EIN for the LLC using the EIN of the Trust;
3. Attorney will draft you a bank letter, this informs the bank the attorney formed the LLC, is familiar with the organizational structure, and confirms you are the sole manager of the manager-managed LLC (bank letters are also usually required when opening a DE C-corp bank account outside DE)
No matter what, to get an EIN for the LLC from the IRS one owner must apply using SSN; TIN or EIN. The EIN application will be disclosed to the IRS but otherwise is not public record.
- suyash 9y agoSo are you when you get get the EIN, you would have to disclose your SSN. Anyway around that?
- ringaroundthetx 9y agoCash based and cryptocurrency based businesses do not need a bank account and therefore don't need an EIN. Similarly, title holding companies don't need one either.
- EduardoBautista 9y agoI am a Mexican citizen. You don’t need an SSN to get an EIN. However it does take a bit longer. However, my lawyer just used his and apparently this is a common practice.
- suyash 9y agoCan I have your lawyer's contact information to request him do the same for me?