Karen Lee Posted August 19, 2010 Report 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
Maribeth Posted August 19, 2010 Report 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
Pacun Posted August 19, 2010 Report Posted August 19, 2010 If he wants some LLC protection, he needs to register a new one. Quote
Karen Lee Posted August 21, 2010 Author Report Posted August 21, 2010 Therein lies my puzzle piece...thank you Quote
michaelmars Posted August 23, 2010 Report Posted August 23, 2010 have a spouse or kid own 1% then its still a 1065 Quote
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