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Old March 5th 04, 04:10 PM
Rob Thomas
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The LLC is the sole proprietorship. 1120? I don't file that. 1040 with
Schedule C.

r.

"Mike Rapoport" wrote in message
hlink.net...
Either his sole proprietorship owns the LLC or the LLC *is* the sole
proprietorship. In the latter case, I'm not sure why he isn't filing an
1120 return.

Mike
MU-2

"Tony Cox" wrote in message
hlink.net...
"Rob Thomas" wrote in message
...
Absolutely.

The $800 goes directly on Schedule C of my personal tax return. My

LLC
is
treated as a sole-proprietership by California because I'm the only

member.
So, I get the legal protection of a C-Corp and the paperwork ease of a
sole-proprietership.

r.


How does that work exactly? I'm not familiar with LLC's, except
that from what I remember you can opt to have them treated as
either partnerships or corporations for tax purposes.

I don't understand how you can pass the $800 back to your individual
return unless you're treated as an S-corp for tax purposes.