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alas
Returning Member

Do I need to file taxes for Single Member LLC if it had 0 income but some startup expenses?

My LLC had 0 income, but there was some cost to starting the business through my personal bank account. I don't care much about getting the benefits from reporting those expenses though. Am I still required to file a schedule C, SE, or anything else?

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1 Reply
Vanessa A
Employee Tax Expert

Do I need to file taxes for Single Member LLC if it had 0 income but some startup expenses?

NO.  If you had no income for the year for your single member LLC you would not need to file a return.  You do not need to file Schedule C or pay SE taxes since you had no income.

For your expenses, if you open in 2025, you can claim them as start up expenses on your 2025 business return. 

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