DianeC958
Expert Alumni

Business & farm

If you originally set up with the IRS to be taxed as a partnership (Form 1065) you will need to file the Form 1065 and mark it as a Initial return and a Final Return to avoid penalties for late filing.  This will close out the Federal ID number you have with the IRS.

 

If you want to continue to operate as a Single Member LLC you will need to get  a new Federal ID number with the IRS.

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