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Publication 3402 Rev 07 Tax Issues for Limited Liability Companies  Form

Publication 3402 Rev 07 Tax Issues for Limited Liability Companies Form

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before creating an llc or corporation make sure that you're thinking about this number one taxes when you form your business you're gonna incur more fees such as franchise taxes which you're still gonna have to pay even if there's no business activity or money coming in here in california it's a minimum of 800 a year number two that you understand which business type makes the most sense for your business this depends on several factors but you don't want to start with an s corp if you're making too little profit you might just pay less in taxes with an llc instead number three filing paperwork to dissolve your business people sometimes change their minds about running a business and decide to quit but they forget to file dissolution paperwork with the irs the state the county and city

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