Y
Hacker News
new
|
ask
|
show
|
jobs
by
noel_gomez
6309 days ago
If you resides in California, don't you still need to pay CA business taxes?
2 comments
hbien
6309 days ago
Unfortunately, one of the downsides of CA is the $800 annual franchise tax =[. Can't get around it even if you incorporate somewhere else.
Good news is, if you're an Inc you can waive the first year. LLCs can't though.
link
falsestprophet
6309 days ago
Yes
link
anamax
6309 days ago
If you're doing biz in CA, I'm pretty sure that CA still collects corporate income tax. (I forget if CA still has a unitary corporate tax, but it definitely wants taxes on in-state profits.)
link
Good news is, if you're an Inc you can waive the first year. LLCs can't though.