My husband and I just formed a new C Corp with the intention of going into business with that company. We couldn't find the real estate for that new company, so the C Corp business is on hold for 2-3 years.

In the meantime, we have started a mobile repair business. We were advised to create the LLC under the C Corp, so if he's sued it will protect the C Corp.

Questions:

1. We have set up the following for the C Corp:

Federal: tax id #, corporate tax return (1120 & 941), FUTA (940)
State: State tax return, sales & use tax, umeployment tax.

Q. Since we will not have ANY business for 2+ years on the C Corp, do we just keep filing ZERO returns on the C Corp like we have been?

2. Do we then need to set up all of the above for the LLC? (tax id, fed&state tax, etc?)

3. Do we pay all bills under the LLC or the C Corp?

4. Is it OK/common to have a C Corp established that is not generating revenue itself, but LLC(s) under it are?

Thanks in advance for your help,

Barb