Delaware LLC tax filing - please advise

[absolutelykind]

Hi everybody

I formed a Delaware single-owned LLC (non-resident) last year.

When do I need to file do the tax filing? Can it be done online? I've contacted a few guys on fiver and also someone else, and all of them telling me different things, so I am quite confused!

Please advise.

Our startup didn't launch yet so we didn't make any sales yet.

 

[uranio]

Hello, if you're single member LLC, you don't need file any tax report, you need just to pay the 300$ annual fee to Delaware state
You can do it online on the Delaware website:
https://icis.corp.delaware.gov/Ecorp/LoginTax.aspx

 

[joffreylol]

I'm pretty sure you will need to file 5472 form because you are non-resident alien owning LLC? You have to file it by April 15th this year for the tax year of January-December last year. You might be able to get an extension for late filling, but I'm not sure how it works. It seems that if you don't file 5472 in the next 9 days you could be subject to a hefty fine of $25,000.

Update maybe @Sols @startfleetio know more about this

 

[Fulton Abraham Sanchez]

Single members LLC has no obligation to report unless the company distributes money to you or gives you a loan. If that happens you should file 1120 and 5472 forms.

 

[Marzio]

Single members LLC has no obligation to report unless the company distributes money to you

Are you saying that if money never leaves the LLC there’s no filing form 5472 obligation?

 

[JackAlabama]

Single members LLC has no obligation to report unless the company distributes money to you or gives you a loan. If that happens you should file 1120 and 5472 forms.

What if it covers for business expenses which are not personal distributions? Do you have to file then?