daytrails
New Member

Inactive members on LLC - still need 1065 and K-1?

Hello,

I started an LLC in early 2022. I only had about $250 in income and roughly $4,000 in startup expenses. 

When I created the LLC I added 3 family members to the business as members, who are completely inactive (they made no expenses or contributions to the business) and have all agreed to be removed. 

 

On my EIN assignment from the IRS, it says I need to file a 1065. Do I need to file a 1065 along with 3 Schedule K-1's that are essentially all 0's, with their ownership being 0%?