Hi all! A partner and I started an LLC where we do corporate training sessions. We simply started the LLC so that we could advertise properly and stop invoicing our partners as sole proprietors. The business itself will not make any "profit" as all the money we make just filters through the business and then the appropriate partner withdrawals for themselves. As far as taxes go, will the LLC still need to file taxes, with a notation of zero profit (I'm assuming)? I'm also assuming that the profits we take through the business and deposit for ourselves are then income reported on our own tax return?
