The path can get foggy sometimes…
a guide can help.
Disclaimer: All blog posts and articles are for educational purposes only. No content should be considered as tax advice to you. You know when you are receiving specific tax advice from Pathway CPA Group LLC when you are an engaged client through an active Engagement Agreement. Always seek tax guidance for your specific scenario from a knowledgeable CPA or tax preparer.
Tax Implications of Shutting Down Sole Proprietorship or Single-member LLC
As you consider shutting down your sole proprietorship or your single-member LLC treated as a sole proprietorship for tax purposes, it’s crucial to understand the tax implications of this decision.