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Old 09-03-2008, 06:41 PM
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What penalty does California State assess for a late filing of an LLC Tax Return?

I was wondering what penalty does California State assess for late filing of an LLC?

Are all the LLC members themselves subject to any penalties or is it just the General Partner that is liabile for these penalties?

Thanks a lot!


Last edited by mabalone : 09-03-2008 at 06:44 PM. Reason: Spelling error


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Old 09-04-2008, 10:22 AM
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What penalty does California State assess for a late filing of an LLC Tax Return?

California State imposes a penalty if a Partnership or an Limited Liability Company does not file its tax return by the extended due date.

The penalty that is currently assessed is $10 per partner or member for each month or part of the month that the return is late. Also, the penalty is assessed from the original due date of the tax return. However, the maximum penalty is $50 per partner or member.

To answer your question, the penalty would be assessed directly to the Partnership or the Limited Liability Company and not directed to the General Partners or Members themselves.

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