Name: Can I File a Form 1065 For My Single Member LLC?
Uploaded: 2022-01-04T13:19:20+00:00
Duration: 6 min 3 s
Description: If you formed a single-member LLC to conduct your business, you are probably wondering about what type of tax returns you need to file. When a business forms an LLC, there are certain default tax rule

2 years ago

If you formed a single-member LLC to conduct your business, you are probably wondering about what type of tax returns you need to file.

When a business forms an LLC, there are certain default tax rules that come into play, which must be followed unless you file an election to be taxed otherwise.

A single-member LLC is by default a disregarded entity for federal tax purposes. The LLC can file an election to be taxed as a C or S corporation, or it can add a new LLC member to make it a partnership.

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