Southern New Hampshire Rental LLC

[Mark McDonnell]

New investor here, looking at investing in rental properties in Southern New Hampshire. In the process of setting up an multi-member LLC in New Hampshire where 1 of the members resides, other members are out of state. Looking for guidance in terms of how the whole tax-process will work and other considerations for the early stages of setting up this LLC.

What is the timing of the Form 1065? I have read online it says you ust file Form 1065 no later than 15th day of third month of the year following the table year. So is it correct to take that as we would need to file in March which is ahead of when we would individually file our K-1s? And if that is the case is that because we would need that Form 1065 to get approved before we can accurately account for our individual filings? Or can Form 1065 be done at the same time as the individuals members taxes?