AN LLC was 50-50 owned by partners A and B before.
In 2019, Partner A gifted his shares to his brother (lets call him C). Therefore, the LLC was owned 50-50 by partner B and since then.
I remember there was a 'technical termination rule' before. But I also recall this rule had been abolished. Therefore, the LLC just needs to file one tax return for the whole year of 2019, is it correct?