starting an L.L.C. company , can I get my EIN number for banking and insurance to start work. In the mean time can I start and finish paper filing for the L.L.C.to the state ?
1 Answer from Attorneys
You can get the EIN ahead of filing for the LLC, but if for whatever reason the state rejects the filing like if there is a conflict with the business name you will have to file for a new EIN. Usually best to get the entity set up first, which really doesn't take much time anyway.
While you might be able to start working, if you are transacting business remember you have no liability until that entity is properly registered and it will need its own separate bank account for you to avoid comingling.
If you need clarification, I suggest that you consult with a lawyer in private and discuss your objectives in more detail. You can start by calling around to several for a free phone consultation, get some insights then pick the best fit to work with.
If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.
Our firm is now referred by the American Bar Association (see under the New York section): http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html
DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.
Related Questions & Answers
I was thinking of starting an LLC to sell products. I have heard that an LLC's owner... Asked 10/14/18, 2:27 pm in United States Texas Business Law
In an equine boarding situation, can the horse owner/boarder be charged by the... Asked 9/26/18, 6:48 pm in United States Texas Business Law
Is there less paperwork to be a sole proprietorship, especially if you're just... Asked 9/08/18, 12:50 pm in United States Texas Business Law
We have filed our company as an llc (through the secretary of state), but when we... Asked 3/14/18, 5:47 pm in United States Texas Business Law