Business & farm

I agree with @Opus 17; not so simple.

 

Articles of dissolution would need to be filed at the state level, in the first place, if you want to dissolve the LLC and operate under your own name.

 

A new EIN would be needed when a member/partner leaves and the other member/partner operates as a sole proprietorship. However, for a residential rental property it might not be absolutely necessary.

 

See https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein

 

Finally, rental income/expenses do not need to be reported on Schedule C unless the taxpayer is a real estate dealer or provides substantial services to renters.

 

 

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