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If I am filing for bankruptcy at the end of this month, do I need to file for a new EIN for my sole proprietorship? Also, can I use multiple DBA names for two separate businesses that are under the same EIN?


The BIDaWIZ Team's Answer:

As a sole-proprietor, you are required by the IRS to obtain a New EIN when you become subject to a bankruptcy proceeding. Sole proprietors only have one EIN as they are the business and treated as such for tax purposes. As far as DBAs go, it's a fictitious name and not an actual entity. You can have multiple for separate sole proprietorships. This is referenced in IRS publication 1635 and IRC Section and IRC section 7701

The BIDaWIZ Team



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