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Level 1

Question

Inactive single member LLC

2 replies
33 views

What is the simplest way to file tax for an inactive single member LLC?

Ask the Experts - Biz Tax - May 2024

Level 15

@RC2024 wrote:

What is the simplest way to file tax for an inactive single member LLC?

A single-member LLC is treated as a disregarded entity (i.e., as a sole proprietorship that reports income/expenses on Schedule C).

If you have neither income nor expenses, you do not need to file a Schedule C with your 1040.

Level 15

Note that you may have to file an annual report (and pay a fee) to the state in which your LLC was organized.