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Just like all other entities, LLCs in California need to pay the annual franchise tax. This tax amounts to $800 for every type of entity and is due on April 15 every year.
What is Form 568? Most LLCs doing business in California must file Form CA Form 568 (Limited Liability Company Return of Income), Form FTB 3522 (LLC Tax Voucher), and pay an annual franchise tax of $800. These businesses are classified as a disregarded entity or Partnership.
No, since your California LLC doesn't need to pay the $800 franchise tax for its 1st year, you don't need to file Form 3522. Form 3522 will need to be filed in the 2nd year.
If your LLC has one owner, you're a single member limited liability company (SMLLC). If you are married, you and your spouse are considered one owner and can elect to be treated as an SMLLC. We require an SMLLC to file Form 568, even though they are considered a disregarded entity for tax purposes.
Form 568 must be filed by every LLC that is not taxable as a corporation if any of the following apply: The LLC is doing business in California. The LLC is organized in California. The LLC is organized in another state or foreign country, but registered with the California SOS.