KochuK
Expert Alumni

Self employed

Hi elizamora,

 

Quote

This bill, for taxable years beginning on or after January 1, 2020, and before January 1, 2024, in which a specified appropriation is made in any budget measure, would exempt a limited partnership, a limited liability partnership, and limited liability company that files, registers, or organizes to do business in this state, as provided, from the payment of the annual tax in its first taxable year.

Unquote

https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB85

 

I recommend you contact the CA FTB via the phone number on the letter regarding exemption if this is your business  first taxable year.

Hope the above helps.

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