Your total assets number comes from your accounting records as of the end of the taxable year. Generally, it is the cost of everything the business owns, less the depreciation taken.
According to the Form 568 instructions, if you are not required to file Schedule L, you are also not required to provide total assets (Item G on side 1). Check your responses to Form 568 questions about your answers to Form 1065, Schedule B, questions 4a through 4d (or similar questions) and the number of members, to make sure you have answered appropriately to be exempt from Schedule L and Item G.
If an entry of Total Assets is still required, you can either enter total assets to clear the error, or print and mail the Form 568. You will need to obtain a waiver at this website to print and mail Form 568.You will need to obtain ...
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