Single Member LLC with nothing in it

myraccoon — Mon, 23 Feb 2026 13:27:45 GMT

I opened up two LLCs in 2022 with the intention of holding rental properties but I had not finished acquiring properties. Thus both LLCs are empty in 2022. Do I have to file anything regarding these LLCs on my return?

Re: Single Member LLC with nothing in it

AmyC — Fri, 03 Feb 2023 22:33:28 GMT

It depends on what you originally selected. You can look at your EIN letters to see what you did.

If you selected sole proprietor, you would use the sch C and it is not necessary until the business begins. However, rental properties go on sch E unless you are providing substantial services like a hotel.

Perhaps, you elected to be an S corp which includes rental properties. An S corp must file every year regardless of income and activity.

If you selected sole proprietor but meant to choose S corp, you can make the election to change.

Please learn more about business options and requirements at the IRS website: Small business

topic Single Member LLC with nothing in it in Investors & landlords

Single Member LLC with nothing in it

Re: Single Member LLC with nothing in it