FEIN in case of a change in management [Archive]

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Kumar1111

Oct 26, 2009, 10:10 AM

Hi,

A company was sold from A to B. Is it necessary for B to get a new FEIN?

Thanks

AtlantaTaxExpert

Oct 27, 2009, 10:15 AM

Yes, if the company is a sole proprietorship or partnership, because the EIN is keyed to the name(s) of the sole proprietor or partner(s).

No, if the company is a corporation. A corporation is a legal entity in and of itself.