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Single member LLC name change

PostPosted: 22-Oct-2020 7:24am
by RowTax
Single member LLC is changing it's name with the state division of corporations. It's obviously a schedule C as a disregarded entity. Do we also have to inform IRS of the name change?

Re: Single member LLC name change

PostPosted: 22-Oct-2020 9:12am
by ManVsTax
https://www.irs.gov/businesses/business-name-change

Maybe follow the sole proprietor instructions if it's an LLC taxed as a DRE?

Re: Single member LLC name change

PostPosted: 22-Oct-2020 9:22am
by JR1
I was going to say that IRS attaches the owner's name to the Sch. C, but wasn't sure about LLC's, even disregarded.

Re: Single member LLC name change

PostPosted: 22-Oct-2020 11:07am
by ManVsTax
JR1 wrote:I was going to say that IRS attaches the owner's name to the Sch. C, but wasn't sure about LLC's, even disregarded.


Yep. I think OP is asking about how to change the name that the EIN is attached to. At least, that's what I read into it.

If there is no EIN, and the SMLLC just uses the owner's SSN as its tax ID, I would think you'd just update the LLC name on next year's Sch C.