Hello - I have W2 income, my husband has self employment income, and I just started a single member LLC in MA, in July 2024. There was virtually no business activity in my LLC and it has $0 income. I don't have a home office yet either. Two questions:
1. Do I need to file a Schedule C for my new LLC, along with our taxes, with $0 income? I am ok doing this, wondering if it would be strange or unnecessary to do so.
2. For next year - I am considering actually closing my single member LLC - I've had no time to work on it and just the yearly fee is $520. If I have the time to do any self-employment business on that end, I would just do it as a sole proprietor. Is there any negative implication to this? Bets way to proceed?
Thanks!
