Ok, this is kinda crazy, but stay with me. I have a business,(LLC Sole proprietor, no employees) but I did not have any income/profit last year because I took on a regular job. Here are my questions. 1. How/what do I file? 2. How do I close my business? I have no inventory or equipment.

1. How/what do I file? ======> you do not need to file a sch C of 1040 since you have neither deductible expenses nor income for your business;


2. How do I close my business? I have no inventory or equipment.=======>Sinc e your biz is a SMLLC, there is a procedure to formally shut down your SMLLC.ypoiu need to follow a section with rules for dissolution contained in your company?s formational documents?the articles of organization and operating agreement.you need to contact your home state?s secretary of state for more accurate info in detail

So don't need to file any forms at all?

So I don't need to file any forms at all, right? Just making sure because I was told I had to file "something" even though I never conducted business. My business bank account is even closed.

as said since you had neither income nor deductible biz related expenses you do not need to file your Sch C of 1040