3 ms·
All limited liability entities doing business in California must pay the franchise tax. Also, the first year waiver is only for domestic companies, those organi
by athms 5y ago
All limited liability entities doing business in California must pay the franchise tax. Also, the first year waiver is only for domestic companies, those organized in California.
For a California resident trying to escape the expense, you are going to spend more money by creating your LLC in another state.
- borski 5y agoGood point!