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Updated about 5 years ago on . Most recent reply
California Resident with Out of State LLC. Do I Need Form 568?
Hi BP!
I am a California resident and I have an LLC in Indiana for my rental properties where I am the only member. This is my first year having an LLC and filing out of state. I was wondering if I need form 568 for tax purpose when I file in California?
Thank you!
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#5 Tax, SDIRAs & Cost Segregation Contributor
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#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
As @Christopher Smith noted, California paints with an extremely broad brush regarding what it deems to be "doing business" in California.
If you are a California resident and managing-member of the LLC, the LLC will almost certainly have a California Form 568 filing obligation even if it is organized in another state and has no California source sales, property, or payroll. You should be prepared to pay the $800 annual California LLC tax.