California Form 568 - Limited Liability Company Return Of Income - 2014 Page 6
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7Schedule L
Balance Sheets. See the instructions for Schedule L, before completing
Schedules L, M-1, and M-2.
Beginning of taxable year
End of taxable year
Assets
(a)
(b)
(c)
(d)
1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 a Trade notes and accounts receivable . . . . . . . . . .
b Less allowance for bad debts . . . . . . . . . . . . . . . .
(
)
(
)
3 Inventories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 U.S. government obligations . . . . . . . . . . . . . . . . . . .
5 Tax-exempt securities . . . . . . . . . . . . . . . . . . . . . . . .
6 Other current assets. Attach schedule . . . . . . . . . . . .
7 Mortgage and real estate loans . . . . . . . . . . . . . . . . .
8 Other investments. Attach schedule. . . . . . . . . . . . . .
9 a Buildings and other depreciable assets . . . . . . . .
b Less accumulated depreciation . . . . . . . . . . . . . .
(
)
(
)
10 a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . . . . . . . . . . .
(
)
(
)
11 Land (net of any amortization). . . . . . . . . . . . . . . . . .
12 a Intangible assets (amortizable only). . . . . . . . . . .
b Less accumulated amortization . . . . . . . . . . . . . .
(
)
(
)
13 Other assets. Attach schedule . . . . . . . . . . . . . . . . . .
14 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Capital
15 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Mortgages, notes, bonds payable in less than 1 year
17 Other current liabilities. Attach schedule . . . . . . . . . .
18 All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . . .
19 Mortgages, notes, bonds payable in 1 year or more .
20 Other liabilities. Attach schedule . . . . . . . . . . . . . . . .
21 Members’ capital accounts . . . . . . . . . . . . . . . . . . . .
22 Total liabilities and capital . . . . . . . . . . . . . . . . . . . . .
Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return. Use total amount under California law. See instructions.
1 Net income (loss) per books . . . . . . . . . . . . . . . . . . . . . .
6 Income recorded on books this year not included
on Schedule K, line 1 through line 11c. Itemize:
2 Income included on Schedule K, line 1 through
a Tax-exempt interest . . . . . . . . $ ______________
line 11c, not recorded on books this year. Itemize . . .
b Other . . . . . . . . . . . . . . . . . . . $ ______________
3 Guaranteed payments (other than health insurance). . . .
c Total. Add line 6a and line 6b . . . . . . . . . . . . . . . .
7 Deductions included on Schedule K, line 1 through
4 Expenses recorded on books this year not included
line 13e, not charged against book income this year.
on Schedule K, line 1 through line 13e. Itemize:
Itemize:
a Depreciation . . . . . . . . . . . . . . $ ______________
a Depreciation . . . . . . . . . . . . . . $ ______________
b Travel and entertainment . . . . $ ______________
b Other . . . . . . . . . . . . . . . . . . . $ ______________
c Annual LLC tax . . . . . . . . . . . . $ ______________
c Total. Add line 7a and line 7b . . . . . . . . . . . . . . . .
d Other . . . . . . . . . . . . . . . . . . . . $ ______________
8 Total. Add line 6c and line 7c. . . . . . . . . . . . . . . . . . . . .
e Total. Add line 4a through 4d . . . . . . . . . . . . . . . . .
9 Income (loss) (Schedule K, line 21a). Subtract
5 Total of line 1 through line 4e . . . . . . . . . . . . . . . . . . . . .
line 8 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule M-2 Analysis of Members’ Capital Accounts. Use California amounts.
1 Balance at beginning of year . . . . . . . . . . . . . . . . . . . . .
5 Total of line 1 through line 4 . . . . . . . . . . . . . . . . . . . . .
2 Capital contributed during year
6 Distributions: a Cash. . . . . . . . . . . . . . . . . . . . . . .
a Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Property. . . . . . . . . . . . . . . . . . . .
b Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Other decreases. Itemize . . . . . . . . . . . . . . . . . . . . . .
3 Net income (loss) per books . . . . . . . . . . . . . . . . . . . . .
8 Total of line 6 and line 7 . . . . . . . . . . . . . . . . . . . . . . . .
4 Other increases. Itemize . . . . . . . . . . . . . . . . . . . . . .
9 Balance at end of year. Subtract line 8 from line 5. . . . .
Schedule O Amounts from Liquidation used to Capitalize a Limited Liability Company.
(Complete only if initial return box is checked on Side 1, Question H.)
Name of entity liquidated (if more than one, attach a schedule) _____________________________________________________________________________
Type of entity: m (1) C Corporation m (2) S Corporation m (3) Partnership m (4) Limited Partnership m (5) Sole Proprietor m (6) Farmer
Entity identification number(s) FEIN __________________ SSN or ITIN __________________ Corporation _________________ CA SOS_______________
Amount of liquidation gains recognized to capitalize the LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ___________________
Side 6 Form 568
2014
C1
3676143
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