4 ms·

IANAL. LLC is simplest and cheapest to set up. It can operate for tax purposes as any kind of corp, and you can change the election later. Tough luck with CA.

IANAL. LLC is simplest and cheapest to set up. It can operate for tax purposes as any kind of corp, and you can change the election later. Tough luck with CA. You have to pay the $800 a year franchise fee before you make a single dollar in revenue.

psyklic 5y ago
Tough luck but there is a new first-year exemption until 2024. So if you're approved any day in year X, the first $800 will be due April 15, X+1.
- satya71 5y ago
  That’s nice
giantg2 5y ago
I second this. I have an LLC that I have some apps and other stuff under (much cheaper state).