- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
You can choose to treat the LLC as a corporation and file a corporate return for the LLC and then a personal return with a K-1 form.
Or you can treat the LLC as a disregarded entity and report it on schedule C on your personal tax return.
I don't know if there are tax advantages or disadvantages to either method.
If the LLC ever takes on a second partner, then it must prepare a separate partnership tax return.
Or you can treat the LLC as a disregarded entity and report it on schedule C on your personal tax return.
I don't know if there are tax advantages or disadvantages to either method.
If the LLC ever takes on a second partner, then it must prepare a separate partnership tax return.
‎June 6, 2019
5:21 AM