A2A-There are no real tax differences between a single member LLC and a multi-member LLC. Both are by default pass-through tax entities, meaning that the income of the LLC pass through and is taxed at the owneru2019s individual level. For a single member LLC, that means a Schedule C in the owneru2019s Form 1040. For a multi-member LLC (ie:partnership), the partnership itself files a Form 1065, but does not actually pay the income tax. Rather it issues a K1 form for each member (partner) and the member reports the income on his or her personal tax return.