Carl
Level 15

Business & farm

then there is no filing requirement.

While that's true at the federal level, it may not be true at the state level. I know in FL if you register your business (any type of business) with an "active" status at any time in the tax year, then the state is expecting something from the business owner. For FL, on a MMLLC/Partnership you are expected to file an activity report (not a tax return) with a filing deadline of May 1st the following year. If you don't, you automatically lose the "active" status and it's a bit over $400 fine to get it reinstated.

So since you had to register your MMLLC with the state for it to be legal, you need to check with your state to see what (if any) filing requirements you may have to meet, even though the business produced no income or incurred no expenses.

I know when I first opened my SMLLC in 2005 I initially set it up and registered it in an "inactive" state. That was because the bank "required" this, and for my business to have a federally issued EIN before I could open a business bank acount. So I can't get the bank account without an EIN, and I couldn't get an EIN for my SMLLC until it was registered with the state.

Once I had everything "set and ready" I simply went online to sunbiz.org, logged into my account and paid the $122 fee to change the business status from inactive, to active. From that day forward I was "open for business". Peice of cake.

FL state laws on this have changed dramatically since I went through this back in 2005. It's my understanding that now-a-days all LLCs registered in FL "must" be registered as "active" on the initial registration. So while you can go on the very next day and change it to inactive, that one day active means that you are "required" to file a report with the state by May 1st of the following year.