Filing taxes for an LLC depends on how the business is structured. Single-member LLCs are typically treated as sole proprietorships, meaning the business income is reported on the owner’s personal tax return. Multi-member LLCs, however, are treated as partnerships and require a separate informational return before income flows to each member’s personal return.
Georgia LLCs also have specific state filing requirements, including annual registration fees and state income reporting. Whether your LLC operates in Stone Mountain, Lithonia, Athens, or surrounding areas, compliance with both state and federal rules is essential to avoid penalties. Many business owners find the paperwork confusing, especially when K-1 forms are involved.
Triple Sevyn Tax Services LLC helps LLC owners navigate every step of the process, ensuring accurate returns and strategic tax planning to reduce liabilities. We also assist with bookkeeping, quarterly payments, and restructuring for better tax efficiency.