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Updated 6 months ago on . Most recent reply presented by

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11
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Calum Bressington
  • Investor
  • Sacramento
10
Votes |
11
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Has Anyone converted a multimember llc to a sole member llc?

Calum Bressington
  • Investor
  • Sacramento
Posted

Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. Also, I won't do any buisness this year through my LLC so will I still have to file? Thanks for everything!

-Calum

Most Popular Reply

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8,153
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3,695
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Basit Siddiqi
  • Accountant
  • New York, NY
3,695
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8,153
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

What is cuasing the multi-member LLC changing to a Single member LLC?

Did one partner buy the other partner out?
Did one partner die?

You normally want to mark that the partnership is filing a final year return.
If one partner is being brought out, that individual will have to report a sale on his/her individual return.

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Basit Siddiqi CPA
4.9 stars
80 Reviews

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