4 ms·
This 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,
by donw 18y ago
This 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.