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Business & farm
What if I obtained an EIN as a newly formed Single Member LLC but then 4 months later added another member to the business? Would the business need to update its tax classification with form 8832 or would it automatically be considered a partnership for taxes even though when it received its EIN it was treated as a disregarded entity? Would the answer change if the business hasn't actually earned anything yet and only has costs at the moment?
August 10, 2022
3:24 PM