Yes, that is correct, specifically if you know your business will continue moving forward to 2022 and beyond,. For this reason all of the assets, if applicable, will continue on and move forward to next year.
If you have no assets and you do not plan to continue business operations, then you can delete the Schedule C. You must keep an accurate record of any asset you have used in your business until and unless it is sold or disposed of in any manner.
@Silvergriffon
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