New Client comes in to file personal and upon talking tells us he created a partnership pre Covid  2 partners. Had no activity until 2022  and 2023 which were all expenses. Thinking they did not have to file a return since they were in a development stage of a product. Can this partnership just be closed with 0 income and 0 expenses. The penalties for 5-6 of not filing would be more than the few expenses  less than 20,000 which was capital that they both put in.

thx for your thoughts

Michele