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I represent a single member LLC that is exempt under 23701(h) and consult with another CPA who also has a single member LLC exempt under the same section.
Questions as to filing requirements and fees:
1) I am under the impression I would need to file a 568.
2) I know this type of LLC is not subject to the 800 annual fee. Can you advise if they are subject to gross receipts fee? In one case, they are getting rents; in another case, they received a contribution of property by a donor.
Appreciate any input.