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 540A Ftb Ca 2009

2009-2025 Form

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hey what's up everybody this is their trainee Dan win again and I want to talk a little bit about LLC's corporations and the annual franchise tax for the state of California so as many of you know the state of California imposes an 800 dollar annual franchise tax for corporations LLC's now this is the cost of doing business in 77 California so yeah a lot of questions like how do you avoid this tax right there's there's not a lot of ways to avoid the sex the only one I know is is actually to be a sole proprietor so that doesn't really get you the benefits of LLC corporation so for a lot of times this is this options out the window they need to be LLC corporation for either asset protection purposes or just for business purposes there are businesses visit me to be a business to business out there that will only do businesses with LLC's or corporations and part of that is you know there's independent contractor and employer r

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