Hello! I currently own a corporation in TX. I am moving to CA and will be dissolving the TX entity and reestablishing a new entity in CA. I currently have an EIN assigned to me for my TX corp. Do I need to apply for a new EIN number once I reform the corporation in CA? What do I do with the old EIN?
You seem certain on the procedure (dissolving and establishing a new corp), but make sure you have thought through potential tax consequences. Liquidation may result in income taxes to the corporation and its shareholders. For example, when a C corporation with appreciated assets liquidates, it must recognize income. One possibility is to form a new corp in Calif and then merge the Texas corp into it - there will be no tax consequences. Another option, if you will still be doing some business in Texas, is to leave the Texas corp in place and just register as a foreign (i.e. out-of-state) corp doing business in Calif. There would be increased financial recording and reporting in that situation, but if you are doing business in both states anyways, that might be a better way to go. If these points raise questions in your mind, you should consult a business/corporate attorney for an hour of advice.
Otherwise, to answer your question, if you are dissolving the old corp and creating a new one, You should apply for a new EIN.
No, you don't have to get a new EIN number, you can use the same number.
For the entity that you are dissolving in TX, you will file a final return and then stop using that EIN.
For the new entity in CA, you will apply for a new EIN.
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