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March 2, 2019

Which business structure should be selected for EFIN application for a two member LLC?

  • March 2, 2019
  • 1 reply
  • 0 views

My company is a two member LLC. For EFIN application on IRS website, there is no Limited Liability Company in the drop down list. Instead the choices are;

1. Limited Liability Partnership

2. Limited Liability Corporation

 

I'm wondering which structure should I choose . At time of applying for EIN, the default structure that IRS assigned for tax purpose was partnership. But my company is not a partnership, just a two member LLC.

Thanks

 

    1 reply

    john-pero
    March 2, 2019

    You ARE a partnership. A 2 or more member LLC files 1065 partnership return. And there is only LLP or LLC, despite it saying "corporation" that is your partnership type.