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pscompany0107-gm
April 10, 2024
Question

Do I need fie taxes for my LLC if I don't have income?

  • April 10, 2024
  • 1 reply
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1 reply

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DavidD66
April 10, 2024

It depends.  If you are the sole member of the LLC, and you have not elected for it to be taxed as a Corporation ( S or C) then the answer is no.  If elected to be taxed as a corporation, then the company has to file whether or not it has any revenue or expenses.  If it is a multi-member LLC and has no income or expenses it does not have to file.  The previous applies to federal tax.  I believe some states (California) require an LLC to file regardless.   

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