Question by wyldflwr34: Do I have to file taxes for small business that went under?
(Michigan) I started a business, but that is about it…home based consulting. I got the LLC and city permit and then learned I couldnt start my business because of a nocompete I have with a previous employer. I sent away to dissolve the LLC and that was it to the story. Do I still need to complete tax work even though there really wasnt anything expense/income at all involved….?
Answer by StephenWeinstein
Whether or not you must file, I would look into whether you can claim a deduction for the money that you wasted paying the applications fees for the LLC and permit.
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