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New Member
posted Mar 14, 2021 5:56:21 AM

If I switched from a Sole Proprietorship to a single member llc mid year last year, is there anything I should do for my taxes this year?

I'm in the state of Maryland. And I use the same EIN from when I was a sole proprietorship to llc.

0 2 475
2 Replies
Level 15
Mar 14, 2021 7:09:38 AM

No. See https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein

Expert Alumni
Mar 14, 2021 7:09:45 AM

No. You are still filing a Schedule C as you normally did. While this doesn't apply to you, it may in the future.

 

MD nonresident LLC