DBA with EIN

[wiseguy]

I'm looking at getting some DBAs for my s-corp LLC. Each will have their own EIN.

My questions are:

- Does the DBA have to file taxes separate from the original LLC?
- If they do pay their own taxes, what is even the advantage to doing this? Why not just get a separate LLC?

Thanks!!

 

[brazilian]

I'm looking at getting some DBAs for my s-corp LLC. Each will have their own EIN.

My questions are:

- Does the DBA have to file taxes separate from the original LLC?
- If they do pay their own taxes, what is even the advantage to doing this? Why not just get a separate LLC?

Thanks!!

I just sent this question to my agent then I'll reply to you when I got reply. Interesting...

 

[halfalump]

Well, for one, it's a simple form. Therefore, cheaper and faster than reincorporating. But please report your findings.

 

[breakfree]

I really don't think that each DBA files separately. It's the LLC that files, pass through or separate body, but not each DBA.

 

[wiseguy]

But what's the point in having the separate EIN if they don't report separately. If it's just a DBA, then no problem, the main company files. But if they have their own EIN, does each DBA that has an EIN have to file?

 

[lumien]

I don't know about where you are located, but a bank I used to work for stopped doing DBA's about 5 years ago, and the bank I am with now also doesn't do DBAs. I'm not sure if this is a per bank thing or if they just don't do DBA's anymore.

You may want to consult with your banker.

Lumien

 

[Man-Rae]

I'm looking at getting some DBAs for my s-corp LLC. Each will have their own EIN.

My questions are:

- Does the DBA have to file taxes separate from the original LLC?
- If they do pay their own taxes, what is even the advantage to doing this? Why not just get a separate LLC?

Thanks!!

Yes. Every business entity that has an EIN # is Required to file taxes quarterly according to the irs. So based on that Information, I believe you do.