Business & farm

Thank you for the reply, Dawn.

 

Two questions. 

1. Is this a new rule this year?

2. Do I need to pay California $800 franchise tax even though this is an LLC registered in CO and doing business in CO? My understanding is it is not required, because "Every corporation that is incorporated, registered, or doing business in California must pay the $800 minimum franchise tax." However, once I have Schedule C in CA, looks like it is enforced. I could be wrong.

 

Thank you.