I registered a trade name but not a business because I’m operating as a sole proprietorship. Because I haven’t made any profits yet, I’m not planning on filing for this year. Is this a good idea? Do I still need to file for anything? Your response is appreciated!
if you went as far as getting a IRS employer ID number, then you need to file a return for that number even if it’s all zeroes.
if the IRS doesn’t know about the business, then nothing to do.