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 ...

Understanding your marginal tax rate is essential as an LLC owner since you’ll need to file your individual tax return. An important consideration for 2025 is the Corporate Transparency Act.

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 ...