Re: Single member llc Quote:
Originally Posted by Gotya108 Is this a stealth name or legit? Can it pass KYC? If not then they are going to request docs... Also you know as a single member LLC you need to file 8832 or 2553 to be taxed as a corporation. If not even though you have an EIN the IRS will view you as a disregarded entity no different then a sole prop... |
Is this true?
In this case my accounts are Single member LLC's but I did use another persons SSN to open the account.
even if I file taxes as a schedule C how will I run into some trouble later on? I've been filing for the taxes and paying for it on my LLC and my own personal taxes.
And the solution for this is to turn them into S-Corps? What are the fees and the process of turning it into an S-Corp? Do I have to do this in 10 days (before 2021 ends)
Would another solution be to edit the business information and actually just put the real beneficial owner of the single member LLC which is myself when I edit it to a business account?
@phaz0rz
@yankee
Last edited by stealthnorris; 12-21-2021 at 10:11 PM.
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