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April 12, 2025
Question

Do I need to file taxes for Single Member LLC if it had 0 income but some startup expenses?

  • April 12, 2025
  • 1 reply
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My LLC had 0 income, but there was some cost to starting the business through my personal bank account. I don't care much about getting the benefits from reporting those expenses though. Am I still required to file a schedule C, SE, or anything else?

1 reply

April 12, 2025

NO.  If you had no income for the year for your single member LLC you would not need to file a return.  You do not need to file Schedule C or pay SE taxes since you had no income.

For your expenses, if you open in 2025, you can claim them as start up expenses on your 2025 business return. 

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