9/9/2023 0 Comments Example 1065 form completedTo put it more succinctly, while all of those partnerships may be different from each other, and from an LLC with multiple owners, all of them are classified as partnerships for tax purposes, and have the same filing requirements. The reason why I’m using the term “partnership” to refer to this structure, is that the IRS will treat the LLC with two or more owners, as a partnership for tax purposes. In this case, however, we’re not talking about one of those entities, we’re dealing with a Limited Liability Company (LLC) with two or more owners. Each of these partnerships are statutorily defined entities that are formed for specific purposes (read: doctors, lawyers, dentists, construction companies, etc…). So that we don’t confuse our terms, it is important to remember that there are many types of “partnerships”, from General Partnerships, to Limited Partnerships, to Limited Liability Limited Partnerships (a bit of an awkward name, that one), and others.
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