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.
03602
1 Best answer
Anonymous_
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
SweetieJean
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.
SS_22
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?
Anonymous_
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.