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How to Incorporate in California and Stay on the Budget?
- donw 18y agoThis is really useful information for me; I'm probably just going to go and do the paperwork by-hand, mostly because I'd like the experience of doing so. Also, I'm fairly certain that S-Corps can waive their first year minimum tax (the $800), although they have to pay in their second year of operation. Anybody else done the corporate dance in California?
- white 18y agoYes, you don't have to pay first year franchise tax, but this doesn't make a big difference, unless you're planning to have a company for one year only. Some friends of mine took more then two year to get on revenue (not profit), but $800 is really something you're liable for whatever happens.
- deleted 18y ago[deleted]
- jlees 18y agoThis is the first detailed account I've read of how one would incorporate in the US (though I'm aware it's state-specific). Suddenly the red tape and costs associated with incorporating in the UK seem less terrifying in comparison.
- donw 18y agoCalifornia is also one of the worse states to incorporate in. I've set up an LLC in Utah (where my sister lives), and it took a few hours to go from 'zip' to 'Utah LLC'. Everything was do-able online, and I even got all my federal tax information (EIN).