Naila Ahmad Posted March 31, 2008 Report Share Posted March 31, 2008 I created a LLC for my clint in 2007. at that time he wanted to have two partners in his LLC, so I mentioned two names in the articles of organization and chose it as member managed. Now he says that one of the partners has walked out. My question is, can I just use schedual C to repart its income or loss ( treat it as disregarded entity) or do I have to file form 1065 with one partner as 100% owner and the other as 0%. Any help will be appreciated. Quote Link to comment Share on other sites More sharing options...
grandmabee Posted March 31, 2008 Report Share Posted March 31, 2008 I created a LLC for my clint in 2007. at that time he wanted to have two partners in his LLC, so I mentioned two names in the articles of organization and chose it as member managed. Now he says that one of the partners has walked out. My question is, can I just use schedual C to repart its income or loss ( treat it as disregarded entity) or do I have to file form 1065 with one partner as 100% owner and the other as 0%. Any help will be appreciated. a partnership has to be a least two people. But I think you have a 1065 for the time there was two partners then close out 1065 and can do C. I think you will need new ID numbers and LLC Quote Link to comment Share on other sites More sharing options...
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