MichaelMc
New Member

Business & farm

They are two separate business entities and require two separate returns. Be certain not to use the EIN issued to the Virginia-based LLC for the new entity in North Carolina.

If they are single-member LLCs, with your son as the sole member, they are disregarded entities for tax purposes and can be filed as two separate Schedule Cs on his Form 1040 tax return.

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