LLC no income - FILE?

Forum|Forum|1 year ago
March 22, 2025
1 reply
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Hello - I have W2 income, my husband has self employment income, and I just started a single member LLC in MA, in July 2024. There was virtually no business activity in my LLC and it has $0 income. I don't have a home office yet either. Two questions:

1. Do I need to file a Schedule C for my new LLC, along with our taxes, with $0 income? I am ok doing this, wondering if it would be strange or unnecessary to do so.

2. For next year - I am considering actually closing my single member LLC - I've had no time to work on it and just the yearly fee is $520. If I have the time to do any self-employment business on that end, I would just do it as a sole proprietor. Is there any negative implication to this? Bets way to proceed?

Thanks!

Best answer by MAK70

If you had no LLC activity, you ar not required to file a Schedule C for it. If you decide not to pursue the business and never included it on your tax return, there is no negative impact or requirements.

MAK70Answer

slara22Author

Thanks so much!

slara22Author

A hopefully quick follow-up question: I understand I do not need to file a Schedule C for my single member LLC with no activity. But wqould I have to file something for the state of MA where it is registered?

Thanks in advance!