Yes, 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 f

Yes, 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.