Solved: Changing multi member LLC to single member.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Changing multi member LLC to single member.

I recently started an LLC in December of 2019. I listed myself and a corporation that I own as the members. I want to change the status to a single member, with just me as the member, so I filed form 8832. I haven't received any letter saying it was changed so do I still file a 1065? Also, do I need a new EIN number? Neither entity has made any money no bank accounts nothing cause I'm just getting started.

1 Best answer

Accepted Solutions
Level 15

Changing multi member LLC to single member.

You do not have to file a 1065 for the LLC if the LLC received no income nor incurred any expenses.

 

The instructions for Form 8832 state:

 

Do not apply for a new EIN for an existing entity that is changing its classification if the entity already has an EIN.

View solution in original post

2 Replies
Level 15

Changing multi member LLC to single member.

You do not have to file a 1065 for the LLC if the LLC received no income nor incurred any expenses.

 

The instructions for Form 8832 state:

 

Do not apply for a new EIN for an existing entity that is changing its classification if the entity already has an EIN.

View solution in original post

New Member

Changing multi member LLC to single member.

Thanks

Dynamic Ads
v
Privacy Settings