Karen Lee Posted August 19, 2010 Report Share Posted August 19, 2010 I so don't know about this. 2 member LLC is to become a single member soon. Does IRS need to be notified via final 1065 and then a Sch C for remaining member? I hate LLC's. Karen Quote Link to comment Share on other sites More sharing options...
Maribeth Posted August 19, 2010 Report Share Posted August 19, 2010 I so don't know about this. 2 member LLC is to become a single member soon. Does IRS need to be notified via final 1065 and then a Sch C for remaining member? I hate LLC's. Karen That is correct. You file the final 1065; the subsequent activity is reflected on Schedule C. Maribeth Quote Link to comment Share on other sites More sharing options...
Pacun Posted August 19, 2010 Report Share Posted August 19, 2010 If he wants some LLC protection, he needs to register a new one. Quote Link to comment Share on other sites More sharing options...
Karen Lee Posted August 21, 2010 Author Report Share Posted August 21, 2010 Therein lies my puzzle piece...thank you Quote Link to comment Share on other sites More sharing options...
michaelmars Posted August 23, 2010 Report Share Posted August 23, 2010 have a spouse or kid own 1% then its still a 1065 Quote Link to comment Share on other sites More sharing options...
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