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    2 Replies Latest reply on Jun 23, 2008 11:21 AM by LUCKIEST

    LLC SINGLE OWNER TAX FILING

    raboliot Newbie
      I created an LLC 4 years ago in NY State as the sole member.
      But my accountant advised me that single member LLC get audited very often.

      I have since then every year filed the LLC tax return with two members (me and my wife) each owning 50% of the LLC.

      Who actually own the company?

      Who is legally responsible?

      Thxs;