my answer would be that a single member LLC with no employees, you are not an employee, does not pay unemployment compensation taxes. such taxes are based on wages so with no wages no UC taxes. That is for sure for Federal purposes. what state do you live in? we may able to check for sure but I'm virtually certain that the same rules would apply.
however, many states impose an annual franchise or similar tax on an LLC.
in addition if your state taxes income, the LLC income will be included in your personal income tax return.
should have added a caveat because many threads omit significant information. so the answers based on what's given are generally correct. but once the OP starts adding details, the previous answers are totally wrong.
if you are an LLC that has elected to be taxed as an S-Corp then:
1) you are an employee
2) the IRS and tax laws require you to take a reasonable salary for services performed
3) not only would you have to pay state and federal and state UC taxes on the salary, but fica and medicare taxes would also have to be paid at the corporate level
4) the activities would not be reported on schedule C. an S-Corp return would have to be filed and then the net income flows to schedule E. any profits after the salary are not subject to payroll taxes.
