Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

A major reason for many business owners to opt for the LLC structure is its pass-through taxation clause, where profits and losses flow directly to members’ personal tax returns, eliminating the ...

The only difference is that a multi-member LLC must file a business tax return with the IRS, Form 1065, U.S. Return of Partnership Income and include Schedule K-1. In addition, copies of the ...

However, even if an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return, LegalZoom reports. Do I Need to File a Tax Return for an LLC ...