California Form 568, Limited Liability Company Return of Income 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.
- The LLC has income from California sources
An LLC is not required to file a tax return and is not subject to the annual tax and LLC fee if both of the following are true:
- The LLC’s taxable year is 15 days or less.
- The LLC did not conduct business in the state during the 15 day period.
Program entry
To change the California partnership return (Form 565) to Form 568, from CA 565 Main Menu select:
- Heading Information
- Form 568 - File this return as LLC - Answer Yes to the confirmation question.
Caveat
Only LLCs Classified as Partnerships File Form 568. LLCs may be classified for tax purposes as a partnership, a corporation, or a disregarded entity. The LLC must file the appropriate California tax return for its classification:
- Partnership (1065) file Form 568, Limited Liability Company Return of Income.
- General corporation (1120) file Form 100, California Corporation Franchise or Income tax Return.
- S corporation (1120-S) file Form 100S, California S Corporation Franchise or Income Tax Return.
- Disregarded entity, see General Information S, Check-the-Box Regulations.
See Form 568 instructions below for details.
Additional Information:
Instructions for Form 568 - Limited Liability Company Tax Booklet