4 ms·
Very good info and relevant to LLCs as well (the franchise tax also applies to LLCs). This means that even if you only make a dollar in revenue, you'll be payi
by minouye 16y ago
Very good info and relevant to LLCs as well (the franchise tax also applies to LLCs). This means that even if you only make a dollar in revenue, you'll be paying at least $800 to the great state of California each year. For smaller operations, California is killer.
- prodigal_erik 16y agoThe trigger is having existed for a year, not the first dollar of revenue. http://www.taxes.ca.gov/corps.shtml http://www.taxes.ca.gov/corps.shtml
- minouye 16y agoCorrect--I should have clarified that one dollar is just there for context.