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Partnership LLC question

My partner left one month after we filed a partnership LLC so now I am a sole llc. She did not make any money or contribute any money. Do I need to file a 1065?  Also, is there a form that needs to be set to the IRS to change from a partnership LLC to a sole owner LLC? 

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2 Replies

Partnership LLC question

File a final 1065 so you don't have issues. No other form has to be sent to the irs.

DianeC958
Expert Alumni

Partnership LLC question

If you originally set up with the IRS to be taxed as a partnership (Form 1065) you will need to file the Form 1065 and mark it as a Initial return and a Final Return to avoid penalties for late filing.  This will close out the Federal ID number you have with the IRS.

 

If you want to continue to operate as a Single Member LLC you will need to get  a new Federal ID number with the IRS.

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