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    #1

    LLC Sale

    Have two member LLC taxed as a partnership. They sold all the equipment/etc as of June 30th, 2017. The two new owners are continuing to use the all the prior LLC's info (name, ein, etc).

    A few questions.

    Is this correct and can be done in this manner?
    Does this mean that they have have to file 1 1065 for all 4 members (2 prior & 2 current)?

    Thanks!


    Chris
    Tags: None
    #2
    How was the sale handled? Sounds like the entire business was sold rather than each partner's interest. Form 8824's? I don't see any problem using the old name but I don't recommend the new entity to be using the old EIN for all kinds of reasons, and potential liabilities, even if there were no employees involved. Did they terminate the LLC with the state authorities?

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