Required filing for California LLC with two Manager. - Spidell

Required filing for California LLC with two Manager.

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Message Board Required filing for California LLC with two Manager.

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    • #213545
      Timothy Lee
      Participant

      Client formed a single member LLC on February 2015 and filed an amendment on June 2017 for this LLC to be managed by two Manager and paid annual $800 LLC fees to California since 2015. This LLC had no income or expenses for 2015 to 2018 and no tax returns were filed.
      Are they required to file federal LLC (Partnership) return for 2017 and 2018 since they had two managers?
      Are they required to file CA 568 for 2015 to 2018?
      This LLC had $26,000 gross income and $7,000 in expenses in 2019.

    • #213666
      Lynn Freer
      Participant

      If the LLC is registered in CA you must file tax returns for each year. When the LLC went from a SMLLC to a multi member LLC you file a return on form 568 and provide K=1’s rather than file on Schedule C,E, F etc.

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