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posted Jun 1, 2019 12:23:27 PM

If my LLC in KY is considered: "Single Member Disregarded Entity-member is taxed as an Individual Sole Proprietorship", will I still owe 175$ for the LLET? Any Ky forms?

I was told that since I am a disregarded entity and also not a pass through entity (no members) that I should only have to do schedule C on my 1040 (no income made on this LLC last year). 

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Expert Alumni
Jun 1, 2019 12:23:28 PM

The KY Form 725 (LLET) is required to maintain your LLC registration.  How much income was earned and reported does not change the requirement.  You owe $175 unless you wish to dissolve the LLC (contact KY DOR and Secretary of State in this case).  That $175 is not dependent on the amount of business income generated in the year.