topic Converting Multi-Member LLC to Single-Member LLC in Business & farm

Converting Multi-Member LLC to Single-Member LLC

durbuncu — Mon, 09 Mar 2026 08:16:56 GMT

Hello,

I have a multi-member LLC. I want to turn it into Single-Member LLC.

What legal things should I do?

Re: Converting Multi-Member LLC to Single-Member LLC

SweetieJean — Sat, 12 Mar 2022 14:38:01 GMT

Please consult a local attorney. We cannot offer legal advice here.

Re: Converting Multi-Member LLC to Single-Member LLC

Rick19744 — Sat, 12 Mar 2022 15:08:42 GMT

You need to review the tax consequences that are provided in Revenue Ruling 99-6

https://www.novoco.com/sites/default/files/atoms/files/irs-revenue-ruling-99-6.pdf

Re: Converting Multi-Member LLC to Single-Member LLC

Carl — Sat, 12 Mar 2022 15:37:52 GMT

It's not simple. Especially if your state taxes personal income. Legal help is highly recommended here.

Basically, the MMLLC has to be dissolved, capital investments returned, assets disposed of, among other things. With only three days left to file the 1065 return "on time", I hope you can find someone in your locale that can assist you with this before the March 15 filing deadline for the 1065.