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Level 2
posted Apr 21, 2022 5:39:46 PM

Partnarship LLC: Is it better to file article of disolution or let it go through Administrative dissolution? Is there any difference?

State of LLC: Oregon.

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1 Best answer
Level 15
Apr 21, 2022 6:39:56 PM

Not really. In either case you need to wind up the affairs of the LLC and file a final return (1065), assuming you have either income or expenses that are treated as deductions or credits.

3 Replies
Level 15
Apr 21, 2022 5:53:37 PM

You are asking a legal question (which we cannot answer here), not an income tax one.

Level 2
Apr 21, 2022 5:58:26 PM

In that case, excluding the part of which is the better of the two, from an income tax perspective, is there a difference for a partnership that file article of dissolution vs. having it be Administratively dissolved?

Level 15
Apr 21, 2022 6:39:56 PM

Not really. In either case you need to wind up the affairs of the LLC and file a final return (1065), assuming you have either income or expenses that are treated as deductions or credits.