[minouye]

Very good info and relevant to LLCs as well (the franchise tax also applies to LLCs). This means that even if you only make a dollar in revenue, you'll be paying at least $800 to the great state of California each year. For smaller operations, California is killer.

[prodigal_erik]

The trigger is having existed for a year, not the first dollar of revenue. http://www.taxes.ca.gov/corps.shtml

[minouye]

Correct--I should have clarified that one dollar is just there for context.