On Sept 1st we are adding two members to the existing Single member LLC thus converting it to a multi member LLC taxed as a Partnership formerly was reporting as a Schedule C business on owner's tax return. We are not going to apply for a new EIN and have employees I realize that we need to file a short year tax return through the period ending Aug 31st and then another for Sept 1 thru end of Dec. How are the W2's handled in this situation? And, do I need to close the books on Aug 31st and start fresh as of Sept 1?
Aug 31st 2020
Converting from a single to multi member LLC
We are converting from a single to multo member LLC mid year and have questions
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