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colpanic 01-16-2005 07:01 PM
CA LLC question.
 
Ok, I know this is the totally wrong place to ask this.. but since I know you guys answer quickly.... :)

If an LLC has been incorporated, but never sold anything (done no business). Does it still have to pay the $800 Franchise tax?

Anyone?

Thanks

ravo 01-17-2005 12:04 PM
I assume that by 'CA' you mean California, not Canada?

BigWebRev 01-17-2005 12:06 PM
yes, i think you will need to pay it.....

check out http://www.biz-usa.com/

AgentCash 01-17-2005 12:06 PM
Quote:
Originally Posted by colpanic
Ok, I know this is the totally wrong place to ask this.. but since I know you guys answer quickly.... :)

If an LLC has been incorporated, but never sold anything (done no business). Does it still have to pay the $800 Franchise tax?

Anyone?

Thanks
Yep. Had to pay it in back taxes for the first few years when I didn't run anything through the corp.


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