Transitioned business from proprietorship to LLC – How to file taxes?
I transitioned my business mid 2007 to an LLC. Should I file taxes as two separate businesses? The first to include income and expenses as the sole proprietorship and the second to include income and expenses after becoming an LLC.
Or should I just include everything under the LLC?
Thanks!
It is a single owner LLC with its own Tax ID.
Also, I do not have any employees.
By: chris c
About the Author:
Filed under United States by on Jan 12th, 2010. 
Comments on Transitioned business from proprietorship to LLC – How to file taxes?
Marketing Strategies
You are correct, keep each seperate for the time you had activity. If you are getting 1099-Misc make sure to correctly report it under the ssn or EIN
Marketing Strategies
You should file a single Schedule C with your personal return (1040). You should not use the separate tax ID# for the LLC unless you have employees. Your social security number should be used whenever you fill out Form W-9 for your business.