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#1
Posts:
298
Joined:
2-May-2014 8:21am
Location:
Missouri
My son and daughter-in-law are starting a wedding photography business together with just them two. They want to create an LLC.

Would you recommend they setup a Partnership with the LLC or something else?

Thanks and let me know if any questions to help in your suggestion?
 

#2
ATSMAN  
Posts:
2094
Joined:
31-May-2014 8:34pm
Location:
MA
LLC is a state registration. More than likely for Federal filing they will be filing as qualified joint venture (2 Sch C)!
 

#3
sjrcpa  
Posts:
6564
Joined:
23-Apr-2014 5:27pm
Location:
Maryland
LLC can''t file as qualified joint venture (except in community property state?)
 

#4
PDXCPA  
Posts:
81
Joined:
28-Apr-2014 11:34am
Location:
Portland, OR
Agree. If more than 1 member LLC, then 1065 partnership return. Unless, they elect S Coro status.
 


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