Did the other partners invest to start the website. Do you
have a written partnership agreement which spells what
happens if the other partners do not participate and provide
services? If your circumstances are such that the
partnership is ended then a final partnership return needs
to be filed though there's no formal required form for
dissolution of a partnership like a corporation I would
include a statement of what happen to all assets. If on the
other hand you now have silent partners you would continue
to file which here in california could be a problem because
limited partnership spells 800 dollar minnium tax on
california return. You would need to check your own state.

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I own a website and when i first started the site, it was
with two other partners. Also, when i signed up for the EIN,
it was filed as partnership. However, due to lack of
participation from other partners, only I run the site.

Now question is, should i fill out Form 1065? When i
received the EIN, it instructs me to file form 1065.

What should i do? Thanks.

Tejas Shah

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