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Level 3
March 12, 2025
Question

Filing a return for a management LLC

  • March 12, 2025
  • 1 reply
  • 2 views

My client has an joint LLC that operates as the management company for 2 subsidiary LLCs on his name.  He is required to file a 1065 form since its a 2 member LLC.  Does anyone know if there are any special requirements when filing a tax for a management company?

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1 reply

qbteachmt
Level 15
March 12, 2025

"for 2 subsidiary LLCs on his name"

For managing his property? Or for managing some other business type? They probably have a reporting requirement to issue 1099s. Have they missed that due date?

"since its a 2 member LLC"

Wait; are both "partners" his two LLCs and only those? And are those LLCs only his? In other words, a disregarded entity is each of the two partners in the same parent entity and suddenly they're a partnership?

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