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babineaux
Returning Member

tax filing for newly formed LLC

Hello, I just received my articles of incorporation for a Wyoming-based personal business today (March 30); it is a single-member LLC. Even though I don't plan to start business operations until May - would I still need to file a Schedule C form come April 15?

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1 Reply
Vanessa A
Expert Alumni

tax filing for newly formed LLC

No, if you are a single member LLC you are considered a disregarded entity and do not need to file a Schedule C until you begin operations and earn income. Since you won't start until May, you will not include your business on your return until you file your 2023 return in 2024. 

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