This Limited Liability Company LLC Formation Package includes Step by Step Instructions, Articles of Formation, Operating Agreement, Resolutions and other forms for formation of a Limited Liability Company in the State of California.
This Limited Liability Company LLC Formation Package includes Step by Step Instructions, Articles of Formation, Operating Agreement, Resolutions and other forms for formation of a Limited Liability Company in the State of California.
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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.
When is my LLC's franchise tax due? If your California LLC goes into existence on or after January 1st, 2021 (but before December 31st, 2023), there is no $800 payment due the 1st year. The first $800 payment is due in the LLC's 2nd year.
California passed a new Budget Act (Senate Bill 154) that waives the registration fees for California LLCs formed between July 1st, 2022 and June 30, 2023. That means instead of $70 to form a California LLC, you can start an LLC for free in California!
How to form an LLC Step 1: Choose a state in which to form your LLC. ... Step 2: Choose a name for your LLC. ... Step 3: Choose a registered agent. ... Step 4: Prepare an LLC operating agreement. ... Step 5: File your LLC with your state. Step 6: Obtain an EIN. ... Step 7: Open a business bank account.
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.