Yes, the waiver is instant.
Yes, you do need the waiver if you are not e-filing Form 568. You still have to file the 568 even if you are a SMLLC that is considered a disregarded entity for federal tax purposes. You are not disregarded for CA state purposes, even if you are for federal.
TurboTax Home & Business will e-file your Form 568 if you only have one LLC and you do not use Schedule R to apportion or allocate your income between states. If you have more than one LLC or apportion income on Schedule R, you will have to file the 568 by mail and use the waiver request.
CA LLC filing requirements
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