what do i fill out to start an LLC and does a 1065 got something to do with it.?

Answer 1

If you feel that you can do the paper work required to start a LLC, go to the Secretary of State internet web site for the state you live in ,, there you will find info on the forms needed to file for incorporation in your state. (along with fee's etc.)

a form 1065 is the tax form a LLC would file if it has more than one partner, has nothing to do with forming the LLC

Answer 2

A limited liability company is organized by filing articles of organization or a similarly named document with the secretary of state of the state you wish to form the LLC in. In california the articles can be filed in a very smple form called an LLC-1 that is available in pdf on the california secretary of state's site http://www.ss.ca.gov . Most states probably offer the same service. The LLC will be treated as a disregarded entity, like a sole proprietorship, for tax purposes with results reported on schedule c if you are the sole owner. If there are more members, a form 1065 will be required. Bear that in mind when you get the filed articles back from the state and file the SS-4 to get an employer id number for the LLC.

LLCs are subject to state tax. In California that ranges from $800 to about $12,000 depending on the LLC's income.

Answer 3

LLCs are essentially legal entities, so you probably want to talk to an attorney to make sure it is set up properly. How it is set up will depend on how many people are starting the business, what type of business, what activities, etc.

Form 1065 is a tax form. If you are forming the LLC with one or more additional people as partners, then you are treated by the IRS as a partnership by default (and would file Form 1065) unless you file Form 8832 and elect to be treated as a corporation for tax purposes.

If you will be the sole owner of the LLC, you will be treated by the IRS as a sole proprietor by default (and would file Schedule C, E, or F with your 1040) unless you file Form 8832 and elect to be treated as a corporation for tax purposes.

Please note that this only applies to your federal tax situation. LLC tax treatment varies state by state, so I would recommend asking the attorney who helps you set up the LLC about this.