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Business entities such as LLCs, LLPs, and LPs are subject to an $800 annual tax.
The periodic filing is due every two years based on the entity's registration date. If the registration occurred in an even- numbered year, the periodic filing is due every even year.
State law requires the filing of a Statement of Information for both California LLCs and corporations. Failure to file will result in fines, penalties and the loss of your authority to conduct business within the state.
A California Annual Report, also referred to as a Statement of Information, requires by law, all corporations, limited liability companies and common interest development associations to update their records, either annually or biannually, based on the year of registration.
In general, an LLC is required to pay the $800 annual tax and file a California tax return until the appropriate paperwork is filed with the SOS to cancel the LLC. In order to cancel an LLC, the LLC must file Form LLC-4/7, Limited Liability Company Certificate of Cancellation, with SOS.
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People also ask

An annual report outlines an organisation's financial and corporate conditions. Publicly traded companies are required by law to publish an annual report.
People who set up a limited liability company or partnership in California won't have to pay the annual $800 minimum tax levied on business entities their first year, under the budget bill signed by Gov. Gavin Newsom, but the waiver applies only to those formed from 2021 through 2023.
Annual Comprehensive Financial Report (ACFR)
How often am I supposed to file a California Statement of Information? California corporations must file a California Statement of Information every year. California LLCs and nonprofits will file every two years.
In general, an LLC is required to pay the $800 annual tax and file a California tax return until the appropriate paperwork is filed with the SOS to cancel the LLC. In order to cancel an LLC, the LLC must file Form LLC-4/7, Limited Liability Company Certificate of Cancellation, with SOS.

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