For income tax purposes a single member LLC is not separate from the owner. Any monies earned by the LLC is considered money you earned as a self-employed individual and is reported with your individual tax return. Although the money is going back into the business, you are considered to have earned the money and used it for business expenses.
If you are required to file a tax return, then you are required to report the earnings and expenses you incur in your business during the year on Schedule C.
If the LLC is your only income, you are only required to file a tax return, reporting the earnings and expenses, once your net income is $400 or more.
Although not required to file, you may want to file your self employment for other reasons such as claiming the loss of your business against your ordinary earned income. Your losses from the business typically reduce the wages your earned during the year. Or to provide proof that your business is legitimate and has been open for a certain amount of time.
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
If you do have net earnings above $400, you are required to pay self-employment tax on the profit. Yes, if you have a profit for your business you should make quarterly payments
When are quarterly taxes due:
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
What is the self-employment tax:
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-self-employment-tax/L8xXjolB4
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