What Is Form 568 and How It Affects LLC Costs?
What Is Form 568 and How It Affects LLC Costs? Form 568 is a must for California LLCs, ensuring compliance with Franchise Tax Board (FTB) rules. It tracks LLC income, deductions, and the $800 franchise tax; a yearly requirement. When earnings hit $250,000 or more, extra fees come into play, shaping business expenses. Research from …