California LLC Taxes and Fees Explained by a California CPA!

California is one of the most expensive states to run an LLC when it comes to taxes. Not only is there an annual $800 tax imposed by the California Franchise Tax Board (FTB) on LLCs, but there is also an LLC fee based on gross receipts! Learn all about the California LLC tax and California LLC fee in this video!
Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/
Table of Contents:
0:00 Welcome to State Tax Saturdays!
0:44 California LLC Taxes and Fees
0:56 California LLC Tax = $800 Per Year
1:13 Special First-Year Exception For LLCs Formed in 2021, 2022, and 2023
1:45 California LLCs Have to File Form 568
2:06 Formation in Last Two Weeks of the Year Exception to the LLC Tax
2:24 When Is the California LLC Tax Due?
3:22 California LLC Fee = $0- $11,790 Per Year Depending on CA Gross Receipts
5:36 What If Your LLC Elected to Be Taxed As an S Corporation?
6:19 What If Your LLC Elected to Be Taxed As a C Corporation?
6:33 The FTB Will File a Notice of State Tax Lien Against You For Past-Due LLC Taxes and Fees
#llc #llcs #businesstaxes

[@RomeoHatesShrimp]

The other 49 states are shaking rn

[@Itachi.D.Dragon]

Can you do NC eventually?

[@benitogonzalez4095]

Can an enrolled agent set up a single member llc in California?

[@HavingCoffieWithMrSatan]

Mr Satan said the reeeee

[@LoganAllec]

Mr Satan has infested the California FTB, that’s for sure.

[@HavingCoffieWithMrSatan]

@@LoganAllec that’s true