3574: Special Election for Business Trusts and Certain Foreign Single Member LLCs (2025)
California · FTB · Used for tax years 2025
California Form 3574 lets eligible business trusts and certain foreign single member LLCs elect the same classification as they have for federal tax purposes. It records the entity’s information, election type, effective date, and signed consent to the irrevocable election.
Who files this form
Form FTB 3574 provides these two election options:
- An existing eligible business trust electing to be classified as a partnership, the same as for federal purposes.
- A previously existing foreign single member limited liability company electing to be classified as a disregarded entity, the same as for federal purposes.
The form does not state that every entity in these categories must make the election.
What you'll need
The form asks for the following information:
- Entity name, California Secretary of State file number, DBA, and FEIN.
- Address, including any suite, room, PO box, or PMB number.
- Updated entity information, if anything has changed.
- Type of election and its effective date, including month, day, and year.
- Contact person's name, title, and telephone number.
- Member's printed name, signature, title, and date.
The provided form does not list supporting documents to attach.
Common mistakes
- Overlooking changed information: If any entity information has changed, complete the form's section for updated information.
- Missing the election's permanent nature: The consent statement says the election is irrevocable.
- Signing for others without authorization: An officer, manager, or member signing for other members must declare that they are authorized to give consent on those members' behalf.
- Overlooking the consent declarations: The signer declares under penalties of perjury that the election is true, correct, and complete, and acknowledges the return filing requirements under Revenue and Taxation Code Sections 18633 and 18633.5.
Questions people ask
Can this election be revoked?
No. The consent statement says the election is irrevocable.
What effective date information does the form request?
Line 2 asks for the month, day, and year of the election's effective date.
What if the entity's information has changed?
Complete the section provided for changed entity information.
Can someone sign on behalf of other members?
The consent statement addresses an officer, manager, or member signing for other members. That signer must declare that they are authorized to execute the consent on those members' behalf.
Where can I find the privacy notice?
The form directs you to FTB 1131 EN-SP for the Privacy Notice.