The following information is provided for educational purposes only and in no way constitutes legal tax or financial advice. For legal tax or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. The following information is copyright protected. No part of this lesson may be redistributed, copied, modified, or adapted without prior written consent of the author. California has a number of ongoing requirements for your LLC to remain in compliance with the state. The first of these is the statement of information, which we discussed in a prior lesson. Remember, your first statement of information is due within 90 days of the approval of your LLC. Then, you will need to file it again every two years. It will be due by the anniversary date of the approval of your LLC. If you have not watched this lesson yet, please do so now. The next requirement is the annual LLC franchise tax of $800. California charges an $800 annual LLC franchise tax on LLCs. This tax is due by all LLCs regardless of income or the business activity. This is a prepaid tax, meaning that it pays for the current year. Your first $800 payment for the LLC franchise tax is due by the 15th day of the fourth month after your LLC is filed. The month your LLC is filed counts as month one, regardless if you file on the first of the month, the last of the month, or any day of the month. In this example, if you were to file your LLC on March 22nd, then you must pay the $800 fee no later than June 15th. In this example, March is month 1, April is month 2, May is month 3, and June is month...
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Video instructions and help with filling out and completing Who Form 1065 Schedule M 3 Disregarded
