STOP.
We do not have sufficient information to be providing accurate responses.
- We do not know how the entity was structured at this point
- LLC taxed as a partnership?
- LLC making an election to be an association and then electing S corporation status?
- A regular partnership?
- Something else?
- What state are you located in? This could impact state filing requirements
- Where are your sales? In-state, out-of-state, combination?
- There could be other questions depending on the responses.
*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.
