We began a start up company in 2008 as an llc, we are just getting started and our production is not even running yet. We have made no income from our business yet, but we have put money into all the equipment and supplies etc. Do we need to file taxes?
Did your LLC have expenses? If so–and the LLC had no revenues–the your LLC by definition had a loss.
In that case, the LLC’s loss becomes your personal tax deduction.
By neglecting to file, you are going to overpay on your personal taxes.