Question

Single member LLC

Forum|Forum|6 years ago
May 2, 2020
1 reply
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I live in California. I started a single member LLC in 2017 that has never conducted business. I also have never filed taxes for it or paid the LLC fee (I’m assuming I have a fee?) Do I still have to mention my LLC on either State or Federal level? Currently, I do file a schedule C for a different business that is not associated with my LLC.

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A

Anonymous

nothing on the federal and probably the state. a single member LLC is a disregarded entity and would be reported directly on schedue C or E, since it's not active there is nothing to report.

i'm not a lawyer but do know form working with LLC's formed in other states if there's an LLC fee (i believe it's $800 per year in Ca) that is not paid, sooner or later the LLC charter is revoked/cancelled. that means there is no more LLC. some states do allow for reinstatement for a fee.