Business owners wear many hats, which can often involve taking on tasks outside of their area of expertise. This includes the hefty responsibility of taxes and filing the correct paperwork. Whether you own a single-member LLC or a partnership, you may need to file a variety of forms. The LLC tax status means that your personal assets are completely separated from the company, your liability of business losses is limited, and taxes are passed through to your personal income tax. This also means you may owe self-employment taxes. LLCs that file their taxes as an S Corporation can benefit from tax advantages that help reduce self-employment tax liabilities. Depending on whether your company is an LLC partnership, single-member LLC, or an S or C Corp, the paperwork that needs to be filed can vary. For example, single member LLC owners may have to file the following forms, among several others: W-2, 1099-NEC, 1099-MISC and 1040 Schedule C. Also, filing as a C Corp will require Form 8832, which is used to make entity classification elections. If all this information is overwhelming, consult with a tax or accounting professional to determine the specificities for your business. Incfile’s Accounting and Bookkeeping service offers a free tax consultation, and can help file your businesses tax returns.