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For those of you who aren't raising money or have cash flush from VCs: how do any of you, if you're in California, handle the LLC 800 dollar min tax? Do federal
by no_wizard 10y ago
For those of you who aren't raising money or have cash flush from VCs: how do any of you, if you're in California, handle the LLC 800 dollar min tax? Do federal deductions against the business typically negate it?
I understand the reasons for not having a direct LLC in Cali (Delaware, Nevada and Wyoming are the gold standard I realize)
Just wanted to know in practice if you just bite the bullet on the stupid minimum tax or not