Responses to your questions:
- You stated "Does how the LLC was formed matter (100% vs 50/50) when treating it as an SMLLC doing a single Schedule C?" The answer is "no" for federal income tax purposes; since we are dealing with a community property state.
- You need to meet with the tax pro for the first year to make sure that you are starting down the right path. Once you are heading in the right direction, you should be able to take it from there; assuming nothing changes. Filing incorrectly can mean having to file amended tax returns, incorrect SS details for both of you, etc. This first year is not a time to be penny wise pound foolish.
- Remember, you can only file a single Schedule C if you are the only member involved in the business; as your current facts indicate. This forum isn't the place to be hashing this out back and forth. Get professional input where you are able to have a one on one face to face discussion.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
