Have a LLC with 2 members that started in 2007. By end of the year, one member is out. Clearly have to file 1065 for 2007 with both members. In 2008, my client's LLC will be a disreagarded entity with a Sch. C.
Do I have both an initial return and a final return on the 1065? Seems too wierd, but true!
Do I have both an initial return and a final return on the 1065? Seems too wierd, but true!