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posted Mar 17, 2025 10:37:00 PM

I created an LLC in 2024 in California. I've conducted no business. I have had no income or deductions with the LLC. What do I do?

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1 Replies
Expert Alumni
Mar 18, 2025 5:09:55 AM

If your LLC had no income or expenses in 2024, you are not required to file a Federal tax return.

 

For California, you have to file form 568 and pay the Franchise tax even if you did not conduct business in 2024.