My client registered his LLC SERIES with state of Illinois and his title with the State
was Manager. When he applied for EFIN # with IRS, he applied as Sole Member.
He is in Commercial rental business. When he came to file his LLC return,
he wanted to file as partnership as he said he has another parner who invested in the property equally. My question is that,even he got is EFIN # of LLC from IRS as Sole member, can he file Partnership return 1065 or how can we correct this situation with IRS and State. Thanks in advance.
was Manager. When he applied for EFIN # with IRS, he applied as Sole Member.
He is in Commercial rental business. When he came to file his LLC return,
he wanted to file as partnership as he said he has another parner who invested in the property equally. My question is that,even he got is EFIN # of LLC from IRS as Sole member, can he file Partnership return 1065 or how can we correct this situation with IRS and State. Thanks in advance.