California LLC Tax First Year: Everything You Need to Know 2025

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The document is the California Form 568 for the taxable year 2022, which is a return of income for Limited Liability Companies (LLCs). It includes sections for reporting LLC details, income, deductions, and tax liabilities. The form requires information on ownership changes, accounting methods, total assets, and various tax calculations specific to California law. Additionally, it contains schedules for income worksheets, balance sheets, and member distributions.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you have to pay the $800 California S Corporation fee the first year?

In the first year, youll just pay 1.5% of your business income, as youre exempt from the $800 minimum. This is a business tax, and is paid from the business bank account.

How to avoid California LLC fee?

To avoid the California LLC Fee, avoid having your California LLC taxed as either a disregarded entity or a partnership by electing to have it taxed as an S-Corp or a C-Corp. LLCs that elect to be taxed as S-Corp or C-Corp in California receive relief from the California LLC Fee.

Do you have to pay the $800 California corporation fee the first year?

For the first year of its existence, a corporation must pay the applicable percentage of its net income. See rates below. Thereafter, the corporation must pay either its annual net income multiplied by the applicable tax rate, or the $800 minimum franchise tax, whichever is larger.

Do you have to pay the $800 California LLC fee the first year on Reddit?

Corporations get first year free, LLCs have to pay the first year. Every corporation that is incorporated, registered, or doing business in California must pay the $800 minimum franchise tax.

Do I have to pay LLC tax first year in California?

Every LLC that is doing business or organized in California must pay an annual tax of $800. This yearly tax will be due, even if you are not conducting business, until you cancel your LLC. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first-year annual tax.

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How do I avoid $800 tax in California LLC?

The 15-day rule. California has a 15-day rule. Meaning, if your LLC goes into existence in the last 15 days of December, its considered to not exist for that taxable year and therefore you dont owe an $800 for that short year. In order for this to apply, your LLC needs to be approved on (or after) December 17th.

How much does it cost to start an LLC in California on Reddit?

Starting an LLC in California costs $70 for the Articles of Organization filing fee and $20 for the Statement of Information. Dont forget the $800 annual franchise tax, which youll need to pay yearly.

California LLC Tax First Year: Everything You Need to Know 2025

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