Our company is an LLC based in Maryland and just formed this December. We have no inventory, revenue, debts, or liabilities aside from the liabilities we owe to the IRS.
I recently checked the status of our LLC and I found out that our company is not in good standing and thus I understand we need to fill out a Annual Report and Personal Property Return, but I am not sure how the late fees will work or how to fill out some of the options such as Manufacturing/Research and Development (R&D) Inventory when we do not have anything.
These last few months we have only done research and designing which did not cost our business any money . We have not spent any money other than filing IRS forms with technically personal money.
We would also like to know how urgent is getting this form filled out, and when will our company become forfeited.
Thanks
I recently checked the status of our LLC and I found out that our company is not in good standing and thus I understand we need to fill out a Annual Report and Personal Property Return, but I am not sure how the late fees will work or how to fill out some of the options such as Manufacturing/Research and Development (R&D) Inventory when we do not have anything.
These last few months we have only done research and designing which did not cost our business any money . We have not spent any money other than filing IRS forms with technically personal money.
We would also like to know how urgent is getting this form filled out, and when will our company become forfeited.
Thanks
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