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Is 941 required from day 1 for a S Corp?
We just started an LLC and filed 2253 to elect S Corp status. The company just stated and has not make any profit, nor has it hired any employee or made any payment as salary or owner's draw. In this scenario, is 941 still required? If so, it means 941 is required from day 1, because the owner is always considered as employee of the company too. But some websites seem to say it is not required until profit is generated, or payments be made. Is it so?
ps, this is a single member LLC, if it makes any difference.
Thanks in advance for any reply.
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‎April 20, 2022
9:51 PM