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Ct 8822c Form

Ct 8822c Form

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okay for this video i wanted to talk about the procedures to change the responsible party for an entity uh after the initial filing of the ein application so for those of you familiar with this process when you apply for an ein for a company on the ein application you have to designate a responsible party so it's a natural person meaning it's an individual and generally it's the person that owns and controls the company now the irs defines it a little more precisely and they say well the responsible party is the person who has a level of control over or entitlement to the funds assets in the entity that as a practical matter enables that individual directly or indirectly to control manage or direct the entity and the disposition of those funds and assets so it's quite a mouthful what are they meaning there well they're just asking who is the beneficial owner that controls the company right so if you're the 100 owner of an llc or the 100 o

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