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If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
No, since your California LLC doesn't need to pay the $800 franchise tax for its 1st year, you don't need to file Form 3522. Form 3522 will need to be filed in the 2nd year.
Limited liability companies (LLCs) offer attractive federal tax benefits, but LLCs operating in California must pay an $800 annual franchise tax as well as an LLC fee on gross receipts.
You can deduct up to $5,000 of the costs of forming your LLC in a single year, including: The cost of completing articles of organization. LLC filing fees. Fictitious Business Name Statement fees.
Additional annual fees The amount depends on your business's gross income, and you have to estimate income and pay the fee by June 15 each year for the current tax year. Gross income, or total income, includes all income you earn doing business in California (?California income?), before deducting expenses.