Greetings !

I am now trying to file my own tax for the first time and have some questions.
Here are my current background.
I am currently full time employee in NY. I'm also involved in S corp which I set up with my friends in 2010 in CA and currently 30% shareholder. We didn't
make any money from the newly set up company, in fact we recorded $677 loss per each person.

Now here goes my questions.

1. Do I need to also file tax return for the CA because I am now a share holder of the S-corp set up in CA?

2. One of my partner already filed corporate tax return in CA and sent me the K-1 to file along with my 1040 . I'm going to attach K-1 along with my 1040.
Is that all I should do? I mean I know that I have to mark my loss from S-corp in couple of places in 1040 but is that all I have to do? is there anything
else that I need to aware of ?

Thank you in advance for your reply.