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