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It isn't an $800 charge, it is a minimum of $800 in state tax. For an actual business with $20k in revenue the cost is much lower than $800, maybe zero
by gnopgnip 5y ago
It isn't an $800 charge, it is a minimum of $800 in state tax. For an actual business with $20k in revenue the cost is much lower than $800, maybe zero
- seriousquestion 5y agoYou would think so, but it is an $800 charge even if you make $0. This yearly tax will be due, even if you are not conducting business, until you cancel your LLC. https://www.ftb.ca.gov/file/business/types/limited-liability-company/index.html https://www.ftb.ca.gov/file/business/types/limited-liability...
- rewgs 5y agoIncorrect. I own a single member LLC in CA and very simply must pay an $800 charge to operate. This is a charge completely separate from taxes owed. I know because for a couple years I didn’t owe any state business taxes and thought I didn’t have to pay the $800. I was wrong and had to back pay those charges plus interest. It sucked.