LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.

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 ...

If a single-member LLC doesn't elect to be treated as a corporation, the owner reports the LLC's income and expenses on their personal federal income tax return. Keep in mind that a single-member ...