Which means they are the only members and it chooses to be taxed as a sole proprietor. 

Owning a  successful business's is a faster way to wealth building than RE investing if you know what you are doing and you can go from sole proprietor to mid size business. 

Schedule C if you a sole proprietor) & you do not have any full-time w-2 employees (i.e. working 1000 hours or more per year) working for your self-employed business or otherwise.2.

I would be acting as a sole proprietor and not an employee.

The income I take for that house is reported on a Schedule C (sole proprietor income). 

Im considering going the sole proprietor direction until my compaby is bigger. 

better off not operating an STR or any property functioning on schedule E from an LLC or an SCorp just do sole proprietor you’ll get better tax breaks.

The results are the same regardless of whether acting as a sole proprietor or through an entity (although the taxation of the resulting income will vary depending upon the type of entity).

My question is should I be charged for workers comp and general liability, that he had to pay as a sole proprietor?

I’m not sure how to fill out the  ‘Federal tax election’ section on the LLC request for information form tr-570 from NYS.We want to be able to continue to file a joint return with income from LLC treated as part of our joint return.Do I indicate 1) sole proprietor and yes on single member, or 2) sole proprietor and no on single member, or 3) partnership and no on single member?