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A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
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.
Due Dates for First-Year Annual Tax Payment Domestic LLCs have until the 15th day of the 4th month after they file their Articles of Organization with the SOS to pay the first-year annual tax. For the LLC's first year, this is measured from the date the business files its Articles of Organization.
Failure to file NIL return under Income Tax Act for a company would lead to a penalty of Rs. 5000, if the return is filed before 31st December and a penalty of Rs. 10,000 if the return is filed after 31st December.
California LLCs after Assembly Bill 85: California LLCs don't pay an $800 fee for their 1st year (if the LLC is formed after January 1st, 2021).