New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.


LLC Taxes

Asked by: jacq  — 6 April, 2013

When does a registered LLC start getting taxed? Even with nonoperations, does an LLC pay taxes?

Answered by: admin  — 6 April, 2013


By itself LLC is not taxed, but any LLC profit is reported on personal tax returns of LLC owners. If your LLC is non-operational you might still be required to file a tax return, so I recommend you to consult your CPA for more personalized advise.

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