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christopherfarley
April 16, 2025
Question

I own an LLC, but have no partner. It's asking "How many members the business has," and requires an number greater than one. But there is just me. What do i do?

  • April 16, 2025
  • 1 reply
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    1 reply

    M
    MinhT1
    April 16, 2025

    A single member LLC is a disregarded entity for tax purposes.

     

    You don't need to file a separate return, so you won't have those questions to answer.

     

    Its activities are reported on its owner's personal tax return on Schedule C, E or F, depending on the nature of its activities.

     

    Please read this IRS document for more information.

     

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