How does a single-member limited liability company (SMLLC) file?
An SMLLC is generally disregarded. Limited liability companies (LLCs) classified as disregarded generally do not report their own income separately from their owners. However, California treats them as separate entities for purposes of the annual tax, LLC fee, tax return requirements, and credit limitations. If certain items of income/loss or payments attributable to a disregarded LLC's activity exceed certain levels, then the disregarded LLC must separately report its income on its tax return.
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