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Startup, no revenue, partners in multiple states, do we need to file a state tax return?
Hi there, We have 4 members to our Delaware incorporated LLC. Two members reside in Illinois and two members in Utah. We just started our business in 2020 and are currently developing a product. We don't have any sales yet (haven't even started selling), so zero revenue and just some expenses for the first year. We also don't have a physical location/office anywhere....we are working from our respective homes.
Do I need to worry about filing a state return for the organization? I'm thinking not, but if so, then I wonder which state I would need to file it with (IL or Utah or both?).
Thanks in advance for your advice,
Matt
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‎February 12, 2021
10:25 AM