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June 5, 2019
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If a two member LLC change to a single member does the original LLC needs to be dissolved?

  • June 5, 2019
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If the tax treatment of the original two member LLC is file under a Schedule C  single member does the original two member LLC needs to be dissolved?

Best answer by Phillip1

No. If the remaining member of the LLC bought out the other shareholder, the LLC (as a business entity) can continue.

1 reply

Phillip1Answer
Employee
June 5, 2019

No. If the remaining member of the LLC bought out the other shareholder, the LLC (as a business entity) can continue.