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Partnership LLC

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Joined: 53 years ago
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I would like to start a 50/50 LLC with my husband.  Would this be a partnership LLC?  Would we have to file a Form 1065 for taxes?


   
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 Jake
(@jacobh189)
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Joined: 2 years ago
Posts: 6
 

Hannah,

    Thanks for the question.  Anytime more than one person is part of an LLC, it is a partnership.  There is a special clause in the tax code that allows married people filing jointly to claim it as a single-member LLC.  For more information, you can read the following article:

Nolo LLC's Owned by Spouses 

 

As always, you should consult your tax attorney for legal advice.


   
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