Good morning @JosephS1
Sorry to bother you but I wanted to follow-up to clarify a couple of the things that you mentioned below:
3- What does it mean "open for business"? For example, my LLC was formed on December 16th 2022, I did not have any inventory nor my ecommerce site but I was "open for business" . How do I know what qualifies as "open for business"
4- I am not sure that I follow the 1099-K comment below. Given that I had no sales/revenue and I have not used a 3rd party settlement system in 2022, that means I shouldn't have one, correct? or am I missing something here?
Thank you again for all of your help,
Alex Mansur
