Responsible party
All EIN applications (mail, fax, electronic) must disclose the name and Taxpayer Identification Number (SSN, ITIN, or EIN) of the true principal officer, general partner, grantor, owner or trustor. This individual or entity, which the IRS will call the "responsible party," controls, manages or directs the applicant entity and the disposition of its funds and assets. Unless the applicant is a government entity, the responsible party must be an individual (i.e., a natural person), not an entity. If there is more than one responsible party, the entity may list whichever party the entity wants the IRS to recognize as the responsible party. Additionally, entities must report any changes to the responsible party to the IRS within 60 days by using Form 8822-B, Change of Address, or Responsible Party – BusinessPDF. According to the Instructions for the current revision of the application, the "responsible party" is defined as follows: For entities with shares or interests traded on a public exchange or which are registered with the Securities and Exchange Commission, the "responsible party" is (a) the principal officer if the business is a corporation, (b) a general partner, if a partnership, the general requirement that the responsible party is an individual applies to these entities. For example, (c) if a corporation is the general partner of a publicly traded partnership for which Form SS-4 is filed, then the partnership's responsible party is the corporation's principal officer. or (d) a grantor, owner, or trustor of a trust. For all other entities, the "responsible party" is the person who has a level of control over, or entitlement to, the funds or assets in the entity that, as a practical matter, enables the individual, directly or indirectly, to control, manage or direct the entity and the disposition of its funds and assets. The ability to fund the entity or the entitlement to the property of the entity alone, however, without any corresponding authority to control, manage, or direct the entity (such as in the case of a minor child beneficiary), does not cause the individual to be a responsible party [Internal Revenue Service]. The responsible Party can be activated during any normal party. It is not the theme but rather the label that provides a safer and more responsible environment for students.
It is a non-branded program. ESN volunteers serve as ambassadors of the program. Through distributing informative and responsible material (leaflets, gadgets, condoms, water, etc.), they inform their peers how to make good decisions and enjoy alcoholic beverages responsibly. Ensuring the event runs smoothly! Responsible Party empowers party-goers as well as its Ambassadors so they can actively engineer memorable events. Working with a peer-to-peer approach, we are never killjoys but calm and friendly people acting to MAKE GOOD TIMES UNFORGETTABLE. Creating good times where different personalities meet, and lasting international friendships get started - that’s what we’re about[Erasmus Student Network].
Responsible Parties and Nominees. Internal Revenue Service. Retrieved from: https://www.irs.gov/businesses/small-businesses-self-employed/responsible-parties-and-nominees
Responsible Party. Erasmus Student Network. Retrieved from: https://www.esn.org/responsible-party