US LLC, limited liabillitly without EIN

[nethostler]

After reading several users facing 2-3 month delays in getting their EIN's. My question is; would my newly incorporated LLC (Wyoming, Delaware etc) enjoy the protection of limited liability even if I was waiting to receive an EIN number?

Allowing me to establish a web presence, and generate leads before going into "proper business" with a US bank account once the EIN has been issued.

 

[fshore]

Yes, the EIN has nothing to do with limited liability.

 

[LoveMyLife]

I agree with fshore. There is no connection between liability and EIN. But you have to structure your LLC properly. LLC with a sole member can be considered to be the same as sole proprietor and it does not have to work in some cases. The best way how to have a real limited liability is when you have at least 2 members in LLC. If there are at least 2 members, LLC is considered like limited partnership.

 

[nethostler]

LoveMyLife said:
I agree with fshore. There is no connection between liability and EIN. But you have to structure your LLC properly. LLC with a sole member can be considered to be the same as sole proprietor and it does not have to work in some cases. The best way how to have a real limited liability is when you have at least 2 members in LLC. If there are at least 2 members, LLC is considered like limited partnership.
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Thanks, the need for 2 members wasn't something I was aware of. I'll have to look into it

 

[exprtadvisrdev]

As long as you don't start mixing your bank account with the finances of your LLC then you will be OK but as long aa you get the EIN get a bank for it.

Also if you care about the liability, create an operating agreement and get yourself a share and a stamp with the name of your company. Lot of people say this isn't necessary and it's true but it helps to separate the liability when we are single owners

 

[nethostler]

eadeveloper said:
As long as you don't start mixing your bank account with the finances of your LLC then you will be OK but as long aa you get the EIN get a bank for it.

Also if you care about the liability, create an operating agreement and get yourself a share and a stamp with the name of your company. Lot of people say this isn't necessary and it's true but it helps to separate the liability when we are single owners
Click to expand...

Thanks, that's good to know. None of those "extras" look too demanding