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I thought that an LLC in California required a yearly fee that was close to a $1000 the last time I looked. Is that no longer true or not true at all? Related -
by stevenwoo 8y ago
I thought that an LLC in California required a yearly fee that was close to a $1000 the last time I looked. Is that no longer true or not true at all? Related - isn't it much cheaper in other states?
- benmanns 8y agoYes, the franchise tax. You can't get out of it by incorporating in another state. CA residents pay CA taxes.
- trazire 8y agoYea, $850 franchise tax minimum. I personally think it's a bit excess even by Californian standards. Also, you'd need to get an office in Delaware to not mandate a foreign registration in California which still involves the taxes. Getting an office in Delaware is pretty expensive but it's about $400 cheaper than California franchise tax. They assess their own but it still works out lower. Edit: Nevermind, they still tax you on that. I don't condone tax evasion, but Wyoming doesn't track the owners of a corporation.