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Old 04-02-2016, 11:37 PM
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New Partnership

I am trying to prepare form 1065 for my family business. The LLC was set up 12/1/2015; however we did not begin operations until February 2016. We did incur expenses in December for things such as Legal Zoom, office furniture, office supplies, permits, and a few other expenses to get the business started in the new year. The total was only $4,220 for the month. My question is; is it even necessary to report this small amount of expenses which would then show a loss? Or does the loss need to be reported and then the Schedule K-1's completed for the three members? Any help would be great. Thanks



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