LLC but no profit / activity

[emerklen]

do I need to submit any forms for an LLC in NY that has zero activity / profit yet? formed at end of 2023, got distracted and will start this year so no activity for 2024

[DawnC]

If you are a single member LLC, you do not have to include a Schedule C if you have no business activity.   If you have a multi-member LLC, you:

• must file Form IT-204, Partnership Return if it has either (1) at least one partner who is an individual, estate, or trust that is a resident of New York State, or (2) any income, gain, loss, or deduction from New York sources (see instructions).
• may be required to pay an annual filing fee.