Form Ftb 3556 Llc Meo Bets Limited Liability Company Filing Information (Page 4 of 5) in pdf

Example

Past Due Notice to all types of LLCs for tax liabilties,

penalties, and interest unpaid 45 days from the first

LLC A holds rental real estate properties within

notice's mail date.

California and is considered to be doing business

here. One of its members, LLC B, is not registered in

LLCs may be subject to penalties and interest if either:

California and has no activities in this state other than

holding a membership in LLC A. Since LLC B is a member

The tax or fee is late or unpaid.

of LLC A, it is also considered to be doing business in

The tax return is filed beyond the extended due

California and must file Form 568.

date.

Series LLCs

We impose penalties under the following R&TC

Sections:

California recognizes Series LLCs that form in other states if

the laws of the LLC's formation state provide for the

designation of a series of interests and (1) the holders of

Underpayment and monthly (Section 19132).

the interests in each series are limited to the assets of that

Delinquent (Section 19131).

series upon redemption, liquidation, or termination and may

Late filing (Section 19172).

share in the income only of that series, and (2) under the

home state law, the payment of expenses, charges, and liabilities

No additional penalties or interest will accure if we

is limited to the assets of that series.

receive payment in full within 15 days of the notice

date.

Each series in a Series LLC is considered a separate LLC.

Canceling an LLC

Each Series LLC must:.

File a separate Form 568.

Beginning September 29, 2006, the requirement for

Pay its own LLC annual tax and fee.

LLCs to obtain a Tax Clearance Certificate from us in

order to cancel their registration with the SOS has

If the Series LLC has registered in California, the first

ended. This affects tax years on or after January 1,

LLC in the series uses the SOS number as an entity

2006.

identification number for its initial payment voucher. All

other LLCs in the series must leave the entity identification

In addition, LLCs may avoid the annual tax for current

numbers blank on their first payment vouchers.

and subsequent taxable years if all of the following

requirements are met:

When completing payment vouchers and tax returns, write

"Series LLC # _______" after the LLC name. In addition,

The LLC files a timely final tax return, including

write "Series LLC" in red on the top of these documents.

extension, for the proceding taxable year.

We will assign an identification number to the remaining

The LLC conducts no business after the last

LLCs in the Series LLC. We will notify each series of its

day of the preceding taxable year.

assigned number after we receive its initial payment

The LLC files the appropriate documents with

voucher.

the SOS within 12 months of the filing date of

its final tax return. (For additional information,

Example

refer to FTB Publication 1038, Guide to

Dissolve, Surrender, or Cancel a California

ABC LLC is a Series LLC registered in Delaware. It

Business Entity.)

contains three series and files in California using the

names: ABC LLC, ABC LLC Series 1, and ABC LLC

Documents to file to cancel

Series 2.

Billings and Notices

File one or more of the following forms with the

SOS, as their office handles cancellations:

We will bill LLCs classified as partnerships or disregarded

for unpaid annual tax and the annual fee.

Domestic LLCs - File SOS form Certificate of

Dissolution (LLC-3).

We will bill LLCs classified as corporations for unpaid

estimated tax.

Foreign and domestic LLCs - File SOS form

Certificate of Cancellation (LLC 4/7).

Depending upon the filing situation for each LLC, we mail

one of the following:

Send forms:

Return Information Notice to LLCs for failing to show

Mail

DOCUMENT FILING SUPPORT UNIT

the correct annual tax, annual fee, or nonconsenting

SECRETARY OF STATE

nonresident members' taxes and applicable interest.

We mail this notice to LLCs classified as corporations

PO BOX 944228

if they fail to show the correct estimated tax and

SACRAMENTO CA 94244-2280

applicable penalties and interest.

In Person

SECRETARY OF STATE

Notice of Balance Due to LLCs for failing to pay the LLC

1500 11TH STREET, THIRD FLOOR

annual tax, LLC fee, or nonconsenting nonresident

SACRAMENTO CA 95814

members' taxes plus applicable penalties and interest.

We mail this notice to LLCs classified as corporations

For more information, contact the SOS by calling

if they fail to pay the estimated tax plus applicable

916.657.5448 (not toll-free), or visit their website at

penalties and interest.

sos.ca.gov.

FTB 3556 LLC MEO BETS (REV 07-2008) SIDE 4

Form Ftb 3556 Llc Meo Bets Limited Liability Company Filing Information Page 4

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