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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.

The purpose of form FTB 3500 is to apply for tax-exempt status from California franchise and income tax. If the organization provides all answers and documents required, the FTB will determine if the organization qualifies for tax?exempt status.

An LLC can use a tax voucher or Form 3522 to pay its required annual tax. This form is filed with the California Franchise Tax Board annually for all registered LLCs in the state. Besides the annual tax of $800, a business will have to file Form 568 if it has grossed $250,000 or more during the year.

File form FTB 3832 for either of the following: The first taxable period for which the LLC became subject to tax with nonresident members. Any taxable period during which the LLC had a nonresident member who has not signed form FTB 3832.

Nonresidents of California, use form FTB 3832, Limited Liability. Company Nonresident Members' Consent, to: ? List the names and social security numbers (SSNs), individual. taxpayer identification numbers (ITINs), or federal employer identification numbers (FEINs) of all such members.

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.