Publication
Legal Alert – Employer Identification Numbers: Updating Responsible Party Information
by Geoffrey L. Gunnerson and Carlene Y. Lowry
When filing for an Employer Identification Number (EIN), which is required for purposes of tax administration, the applicant must disclose the name and taxpayer identification number (e.g., Social Security Number, Individual Tax Identification Number, or EIN) of the principal officer, general partner, grantor, owner, or trustor of the entity. This individual or entity is termed the “responsible party.” If an entity has more than one responsible party, the entity may designate a responsible party from among such persons.
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Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.