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Get your taxes done using TurboTax
LLC is a Limited Liability Company.
It is recognized by the state, but it is not a filing entity recognized by the IRS.
For filing purposes, an LLC needs to be something else in addition to an LLC, such as a
Disregarded Entity (Sole-Proprietorship) LLC is treated as the same as the ONE owner
Partnership
Corporation
You can't have an LLC treated as a "Disregarded Entity" and change the person that files for that entity year after year.
Here is a link about making a tax classification for an LLC.
Changes can be made, but there are limits time frames and ramifications
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March 18, 2024
5:22 PM