1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

DBA with EIN

Discussion in 'Business & Tax Advice' started by wiseguy, Aug 18, 2009.

  1. wiseguy

    wiseguy Junior Member

    Joined:
    Jan 19, 2009
    Messages:
    134
    Likes Received:
    464
    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!!
     
  2. brazilian

    brazilian Junior Member

    Joined:
    Nov 12, 2007
    Messages:
    153
    Likes Received:
    77
    I just sent this question to my agent then I'll reply to you when I got reply. Interesting...
     
    • Thanks Thanks x 1
  3. halfalump

    halfalump Regular Member

    Joined:
    Feb 10, 2009
    Messages:
    230
    Likes Received:
    89
    Occupation:
    Traffic Broker
    Location:
    New York, NY
    Well, for one, it's a simple form. Therefore, cheaper and faster than reincorporating. But please report your findings.
     
  4. breakfree

    breakfree Registered Member

    Joined:
    Feb 19, 2008
    Messages:
    78
    Likes Received:
    10
    Occupation:
    in boston
    Location:
    at boston
    Home Page:
    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.
     
  5. wiseguy

    wiseguy Junior Member

    Joined:
    Jan 19, 2009
    Messages:
    134
    Likes Received:
    464
    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?
     
  6. lumien

    lumien Junior Member

    Joined:
    Jun 24, 2009
    Messages:
    132
    Likes Received:
    34
    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
     
  7. Man-Rae

    Man-Rae Registered Member

    Joined:
    Mar 16, 2008
    Messages:
    95
    Likes Received:
    18
    Occupation:
    Marketing
    Location:
    Hockey Town
    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.