I was a little confused about this.

LLC have until 1/1/25 if they were registered before 1/1/24. There is an exemption if it is inactive but I am unsure if that exemption would apply for future years.

I guess usually tax forms filed in 2024 are usually for 2023. (IE FBAR, 1040, etc). But from what i'm reading it seems like they want to know the ownership information effective for 2024 for the "initial form" which seems to indicate they would be exempt since they were closed in 2024. 

Any thoughts on this?