Here is the Schedule A template to legally “fund” the series, followed by a guide on how to navigate the IRS for your new EIN.
1. Schedule A: Asset Designation
This document should be attached to the “Unanimous Written Consent” you just drafted. It serves as the definitive list of what belongs to this specific “silo.”
SCHEDULE A
ASSETS OF GONEN STATUTORY TRUST – [SERIES NAME/NUMBER]
As of [Date], the following assets are hereby assigned, transferred, and conveyed to the above-referenced Series:
- Real Property: [e.g., 123 Wyoming Way, Cheyenne, WY 82001]
- Financial Accounts: [e.g., Operating Account ending in -4321 at First Wyoming Bank]
- Personal Property: [e.g., 2024 Ford F-150, VIN: #################]
- Intellectual Property: [e.g., Trademark “Gonen Shield” Reg #1234567]
- Other: [e.g., $10,000.00 in initial seed capital]
ACKNOWLEDGED BY TRUSTEES:
__________________________ (Signature)
__________________________ (Signature)
2. How to Get the EIN (Employer Identification Number)
The IRS treats each series as a separate entity for tax purposes. You should apply for a new EIN only after you have filed the Certificate of Amendment with the Wyoming Secretary of State.
A. Online Application (Fastest)
- Go to the IRS EIN Assistant.
- Select Type: Choose “Trust.”
- Specific Type: Select “Irrevocable Trust” or “Statutory Trust” (depending on your Gonen Trust’s specific tax classification).
- The Name: Use the full name: Gonen Statutory Trust – [Series Name].
- Responsible Party: This is the Trustee (you) and your SSN/ITIN.
- Reason: Select “Started a new business” or “Banking purposes.”
B. Paper Application (Form SS-4)
If the online system rejects the “Series” naming convention (which sometimes happens with complex trust names), you must mail or fax Form SS-4.
- Line 1: Gonen Statutory Trust – [Series Name]
- Line 6: Wyoming
- Line 9a: Check “Trust” and enter the SSN of the Responsible Party.
3. Banking the Series
Once you have the EIN and the filed Wyoming Amendment:
- Open a new bank account.
- The account name must match the Series name.
- Crucial: Never use the Gonen Trust “Master” account to pay for Series-specific expenses (like property taxes or repairs). If you do, you risk “piercing the veil,” and a creditor could potentially reach assets in your other series.