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I changed my organization structure in 2022 from a sole proprietorship to a single member LLC. Do I need to file the two structures separately?

 
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I changed my organization structure in 2022 from a sole proprietorship to a single member LLC. Do I need to file the two structures separately?

Do I need to file the two structures separately?

 

Not unless they are two separate businesses. A single-member LLC (without an election to be treated as a corporation for federal income tax purposes) is a disregarded entity and reports on Schedule C in the same manner as would a sole proprietorship.

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I changed my organization structure in 2022 from a sole proprietorship to a single member LLC. Do I need to file the two structures separately?

Do I need to file the two structures separately?

 

Not unless they are two separate businesses. A single-member LLC (without an election to be treated as a corporation for federal income tax purposes) is a disregarded entity and reports on Schedule C in the same manner as would a sole proprietorship.

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