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Tag: Franchise Fee

California LLC Tax and Franchise Fee

California LLC Tax and Franchise Fee

I fielded a series of California LLC questions yesterday that I am sure come up quite frequently for people beginning new ventures and selecting an appropriate California entity for that venture.   How is the California Franchise Tax Calculated? California LLCs are subject to a $800 annual LLC tax. The annual tax is due on … Continue reading California LLC Tax and Franchise Fee

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Prop 19 – Property Tax Changes

On November 3, 2020, California Residents passed Proposition 19 (2020) The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act (“Prop 19”). Prop 19 drastically changes California’s property tax laws. Prop 19 makes amendments to the state’s Constitution that are important for property owners in California: Prop 19 eliminates … Continue reading Prop 19 – Property Tax Changes
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