GeorgeM777
Expert Alumni

Investing

We cannot recommend resources regarding LLCs.  However, we can recommend that you review the California Franchise Tax Board website for tax information relating to LLCs organized in CA.  All LLCs in CA are subject to an annual franchise tax of $800 regardless of whether business is done. While that annual franchise tax is waived for the first year, LLCs that are owned by one member (referred to as SMLLCs) remain subject to the $800 annual franchise tax unless both of the following are true:

 

  • They did not conduct any business in California during the tax year
  • Their tax year was 15 days or fewer

Single Member LLCs in California

 

@bohueilin

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