Legal Question in Business Law in Tennessee
I have an EIN for my new business that i am starting but what i really wanted was to form an LLC from the beginning. But the funding was not there for that. Now seeing once the funding comes in and things pick up, will i need to change to protect my presonal belongings. will i need to get another EIN once i move from sole ownership to an LCC. And will it be best to have an lawyer handle all the paper work as well as an CPA.
1 Answer from Attorneys
Any franchise attorney will say you need a separate EIN for any entity you operate. It's a good idea to have an attorney handle your LLC paperwork so all the agreements are done properly, given your personal situation. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Attorney
Franchise Foundations APC
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