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Do I have to file taxes if my LLC made no money?

All corporations are required to file a corporate tax return, even if they do not have any income. If an LLC has elected to be treated as a corporation for tax purposes, it must file a federal income tax return even if the LLC did not engage in any business during the year. How does an LLC pay taxes? An LLC is typically treated as a pass-through entity for federal income tax purposes. This means that the LLC itself doesn't pay taxes on business income. All LLC members are responsible for paying income tax on any income they earn from the LLC as well as self-employment taxes.

Moreover, does an llc get a 1099?

There is no definitive answer to this question as it depends on a number of factors, such as the specific structure of the LLC and the nature of the income it generates. However, in general, an LLC may be eligible to receive a 1099 form if it meets certain criteria, such as being engaged in a trade or business and having income that is not effectively connected with the conduct of a trade or business. Which state is better for LLC in USA? There is no definitive answer to this question as it depends on a number of factors, including the nature of the business, the location of the business, the tax implications, and the legal environment. However, some states may be better suited for LLCs than others, depending on these factors. For example, Delaware is often considered to be a good state for LLCs because it has a favorable legal environment and a variety of tax benefits.

Which state is best for Online LLC?

There is no definitive answer to this question as it depends on a number of factors, including the type of business and the location of the business. Some states may be more favorable to online businesses, while others may have more favorable tax laws or regulations. Also, where is the best state to open a llc? There is no one-size-fits-all answer to this question, as the best state to open a LLC will vary depending on the specific business and financial goals of the LLC. However, some states may be more advantageous than others when it comes to taxes, liability protection, and ease of formation.