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Thread: Basic Maintenance of SCorp with zero income and employees.

  1. #1

    Default Basic Maintenance of SCorp with zero income and employees.

    Hi,

    I started a sCorp few days back in last week of Dec 2015 as single owner.
    I got EIN and registered my business with state.
    I have Not submitted the Form 2553 Election by a Small Business Corporation yet.

    I have few questions on how to maintain this business without any income or employees till the time I get some income.

    For State:
    1. What taxes I should submit every month or every cycle.
    2. Do I need to run the payroll for single owner with zero employees.


    For Federal:
    1. What taxes I should submit every month or every cycle.

    I have given the address of the business as my apartment is that ok.
    Do I need to submit any tax returns for 2015 for my SCorp as it stared in last few days in 2015.

    Please let me know how to be in comply with state and federal rules when we have opened an SCorp and not doing any operations.

    Thanks

  2. #2
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    Get yourself a qualified accountant. They will know exactly what you need to do.
    Brad Miedema
    Fulcrum Saw & Tool

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