Recommended formation service - We have negotiated with Northwest to provide the best discount and packages for our users, we get compensated when users use our discount links. 💼 Northwest 75% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link - go.truic.com/4ajn7g3 Fees are as follows $29 + state fee of $70+ $9 for BOI (This is optional but recommended as failure to do so can result in a fine of $500/day) 📙 California LLC Formation Page howtostartanllc.com/california-llc
Yes, it IS expensive to have an LLC in California. California requires that any person doing business in or from the state pay the $800 annual business tax regardless of where the LLC is registered. Doing business can be as simple as making phone calls for the business.
LLC stands for limited liability company. An LLC is a type of US business structure that is used to create a legal shield between a business and its owner(s). When a business owner runs a business without an LLC (or corporation), the business owner's personal property is exposed to the business's creditors and any lawsuits brought against the business. So, business owners form LLCs to protect their personal assets (like their homes, cars, and savings). Thanks for the question!
😂 this is cap. Might be the way to file for one but doesn't mean they will give you one. Dont fall for it people, another company that just wants your money.
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Recommended formation service - We have negotiated with Northwest to provide the best discount and packages for our users, we get compensated when users use our discount links.
💼 Northwest 75% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link - go.truic.com/4ajn7g3
Fees are as follows $29 + state fee of $70+ $9 for BOI (This is optional but recommended as failure to do so can result in a fine of $500/day)
📙 California LLC Formation Page
howtostartanllc.com/california-llc
😊😊
You Havel made this sound so easily attainable & have broken it down so we can absolutely understand it 100😢
So happy to help. Thank you for watching.
Good job!
I dissolved my LLC and the state still wants taxes from it. How does that work?
So sorry to hear that. Are they back taxes? Did you pay the $800 annual fee during the year(s) that it was active?
It’s expensive to have an LLC in California. Can’t you set one up in a different state where fees and taxes are lower.
Yes, it IS expensive to have an LLC in California.
California requires that any person doing business in or from the state pay the $800 annual business tax regardless of where the LLC is registered.
Doing business can be as simple as making phone calls for the business.
@@HowtostartanllcOfficial which when to be paid on a 1099 for a few hours a week requires you to have a LLC make working not worth it.
Yes, it would be nice to see things become more small business friendly in California.
What is a LLC?
LLC stands for limited liability company. An LLC is a type of US business structure that is used to create a legal shield between a business and its owner(s).
When a business owner runs a business without an LLC (or corporation), the business owner's personal property is exposed to the business's creditors and any lawsuits brought against the business.
So, business owners form LLCs to protect their personal assets (like their homes, cars, and savings).
Thanks for the question!
PlI të
😂 this is cap. Might be the way to file for one but doesn't mean they will give you one. Dont fall for it people, another company that just wants your money.
Thanks for watching?
Here is a link to our "What is an LLC" article: howtostartanllc.com/what-is-an-llc
This is amazing. Clear as a sunny day in Cali.
That's pretty clear ;) Thanks so much for watching!
Excellent
Clear and concise
Thank you for watching!
This video needs more views thank you. I’m going to save this for the future so I can come back for any questions
Happy to help, thanks so much for watching!
Great Job! Thank you for the information!! This does need more views very informative