woodchelle
Level 1
11-23-2020
10:57 AM
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A partner leaves a 2-member partnership. Can the partnership be considered a single member LLC or sole propriertorship for tax purposes? Can the same EIN be retained?
3 Comments 3
abctax55
Level 15
11-23-2020
11:40 AM
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Partnership by definition is "more than one"
You have a dissolution of the partnership. AND that final return is due within 2.5 months.... so if it happened earlier this year you may be delinquent.
The new *entity* that exists can be anything it wants to be.
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