Nellie Akalp
Member Since: Feb 20th 2018
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Nellie is CEO and Founder of Corpnet.com, a resource for business incorporation, LLC Filings, and Corporate Compliance Services in all 50 states. CorpNet’s partner program is aimed at accountants who want to streamline the business incorporation and compliance process for their clients.
My answers
Any time a single member LLC converts to a multi member LLC, one must apply for a new Tax ID number. You also must file form 8832 to make the election to be taxed as a partnership. Generally, books are closed under the single member LLC since taxed as a Sole Proprietorship and new set of records started to keep it clean. W2 should not have or need a change since the entity has, and will, continue to be an LLC. Hope you find this helpful. Feel free to email me directly anytime to chat. Info at CorpNet dot com