Questions

We just started, so there is almost no income and many expenses currently on the books.

Hello, my name is Humberto Valle, I'm an international strategist with over 10 years experience. My skillset has revolved around marketing and product market reach but I have vast experience with your topic, I believe I have also answered a similar questions to this one before.
In short - you must file as often as required per your state plus the federal. If you have to claim $0 revenue, net losses - do so. If anything it benefits you, as investor. Go talk to a cpa for further advice, also with s corps make sure to record minutes for any changes or efforts made on the companies behalf. Sometimes they are needed, sometimes not.
Good luck, and talk to a cpa directly.


Answered 8 years ago

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