Legal Question in Business Law in New York

Generally speaking, there is no requirement to obtain a new EIN#, however be very mindful of the existing liabilities of the LLC that you will now likely become responsible for. If you are paying a meaningful sum of money to purchase the LLC, then you should have the agreement reviewed by an attorney.

Such review is generally not an expensive one. Ping me offline for help on this.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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Check out the IRS info on the subject. The EIN is generally support by an individuals SS number, so in most cases this will change with new ownership.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Do-You-Need-a-New-EIN?

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

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

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.