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New Member
posted Jun 1, 2019 1:57:25 AM

I formed a single member llc in Vermont at the end of 2016. There were no expenses and no earnings. Do I need to file a federal or Vermont state return for this llc?

Should I file separate or include with my personal tax filing?

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1 Best answer
New Member
Jun 1, 2019 1:57:26 AM

A single-member LLC is a disregarded entity for tax purposes, which means that it does not file its own tax return. You report the business income and expenses of the single-member LLC on Schedule C, as part of your personal tax return.

Since you had no income or expenses in 2016, there is no need to file Schedule C for 2016. 

1 Replies
New Member
Jun 1, 2019 1:57:26 AM

A single-member LLC is a disregarded entity for tax purposes, which means that it does not file its own tax return. You report the business income and expenses of the single-member LLC on Schedule C, as part of your personal tax return.

Since you had no income or expenses in 2016, there is no need to file Schedule C for 2016.