Tuesday, January 27, 2015

can you transfer a tax ID number from sole proprietor to a corporation

Question

can you transfer a tax ID number from sole proprietor to a corporation



Answer

As a Franchise Attorney I can say this. You need to apply for a new tax ID number for each entity. So the corporation must apply for its own tax ID. 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 Foundations, a Professional Corporation



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