We are forming an LLC and buying franchise stores. What turbo tax will we need for the business (LLC taxed seperately)

[DoninGA]

If you are referring to a multi-member LLC or a Partnership then you would need to use the TurboTax Business Edition.  For tax year 2019 you can pre-order the Business Edition from this website - https://turbotax.intuit.com/small-business-taxes/

The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online

The Business Edition cannot complete a personal tax return, Form 1040.

[VolvoGirl]

The first year or two you should go to an accountant and get it set up right.

you will need Turbo Tax Business.  

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

https://turbotax.intuit.com/small-business-taxes

[Carl]

LLC taxed seperately

Just fyi, but a multi-member LLC is not "really" taxed separately. All LLCs be it single member or multi-member, are disregarded entities. While a multi-member LLC will file a physically separate tax return (1065 Partnership Return) the income, expenses and other liabilities are shared by the owners based on percentage of ownership & capital contributions each partner has in the multi-member LLC/Partnership.

Word-wise, it's all semantics.

[Rick19744]

Point of clarification.

A multi-member LLC is NOT a disregarded entity.  It is a separate entity separate from the owners and organized under state law.

[Anonymous_]

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@Rick19744 wrote:

A multi-member LLC is NOT a disregarded entity.  It is a separate entity separate from the owners and organized under state law.

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Exactly, and apparently some folks are conflating disregarded entities (e.g., single-member LLCs) with pass-through (or flow-through) entities (e.g., multi-member LLCs, S corporations).

[Critter]

I agree .... before you do anything you REALLY need to sit down with a local professional to discuss which kind of business entity would be best for your situation and  get educated in setting up the books and filing the required paperwork like payroll tax returns.