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by rprasad
5641 days ago
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In California, it is $800 or an amount based on total revenue, whichever is greater. The formula differs for LLCs, S Corps, and C Corps. Furthermore, S Corps do not pay the franchise tax in their first year unless they are profitable. Generally, incorporation as an LLC is preferable for entities making more than $100,000 in revenue, while an S Corp is preferable for lower revenues. |
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