Ein number question ?

Discussion in 'Ask An Owner Operator' started by Roman78, Feb 3, 2025.

  1. Roman78

    Roman78 Light Load Member

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    Morning brothers. I have questions regarding EIN number. So im trying to move my trucking company from Texas to Maryland. I was just wondering if I open anther llc in Maryland with new EIN number. Will i be still able to keep my authority. ? Anther question does FMCSA let you update your EIN with anther one. Trying to move but seems like its alot to deal with. Any help would be appreciated. Gentlemen. …
     
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  3. Ridgeline

    Ridgeline Road Train Member

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    Why don't you register your LLC as a foreign entity in Maryland, maintain the Texas presence, and just keep everything intact?

    The best thing you need to do is find a lawyer who does this exact thing, they do exist and they can do workarounds that you and others can't think of.
     
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  4. Roman78

    Roman78 Light Load Member

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    Thank you seem like a good idea. Not sure . But I wont have physical address in texas. Would a ups address work for example. If i get something like that. Not sure if fmcsa would accept ups address or once i have to renew my registration in Texas.
     
  5. Ridgeline

    Ridgeline Road Train Member

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    Well I don’t know if you need more than an office address for a presence but it can’t be a ups address. one reason why you need to get a lawyer to represent you for this, he/she can provide a legal source for a presence. I bought a company that I used this scheme to cover legal matters for 14 months until I moved all the assets into one of my companies, I sold off the authority with the llc intact to a domestic (in state) company, this all made it really simple. They are still using the authority.

    one reason why I avoid llcs is the transferring them can be a pia. I like c corps because they are simple to move.
     
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  6. Concorde

    Concorde Road Train Member

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    They don’t let you change your ein number. You could add one if you were previously using a ssn.

    I really don’t see why you can’t just register your business in MD without changing anything. Imo, the ein stays with the company.

    Then just update details on your MCS-150.
     
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  7. Roman78

    Roman78 Light Load Member

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    thank you. Very helpful. If i do that im Not sure if texas would renew my cap registration without physical address. Also with Maryland address on my driver license.
     
  8. KDHCryo

    KDHCryo Medium Load Member

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    MD has a load more taxes than TX, so I don't know why OP thinks this is a good idea?

    Have you talked to CPA or accountant about what will literally cost you thousands per year?
     
    Iamoverit Thanks this.
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