Hello:

    My client just brought this to my attention.  In 2019, he created a multi-member LLC to simply hold the stocks that will be giving out to employees (EE).  Mainly, this LLC was treated as a holding trust mechanism and will be giving out stocks to EE when they are entitled to.  No other activity.  My client believed he did not need to file any EIN with IRS and did not need to select any tax entity to file any tax return.   I don't think he is right and this is not ok with law.   Thoughts?