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If you resides in California, don't you still need to pay CA business taxes?
by noel_gomez 18y ago
If you resides in California, don't you still need to pay CA business taxes?
- falsestprophet 18y agoYes
- anamax 18y agoIf you're doing biz in CA, I'm pretty sure that CA still collects corporate income tax. (I forget if CA still has a unitary corporate tax, but it definitely wants taxes on in-state profits.)
- hbien 18y agoUnfortunately, one of the downsides of CA is the $800 annual franchise tax =[. Can't get around it even if you incorporate somewhere else. Good news is, if you're an Inc you can waive the first year. LLCs can't though.