LLC minimum tax in Ca. - Posted by Bill

Posted by Jim Pasquini on November 19, 1999 at 10:45:34:

Actually, I don’t believe anonymity is really a benefit of this structure in California. The benefits come more from limited liability, asset protection, and tax benefits. Try the link below for a more detailed answer.

http://www.poznaklaw.com/articles/llc.htm

LLC minimum tax in Ca. - Posted by Bill

Posted by Bill on November 19, 1999 at 08:35:37:

Does anyone know if there is a way to avoid paying the $800.00 minimum tax Ca. imposes on LLC’s (other than disbanding the LLC) Just Curious, Thanks for any input.

Re: LLC minimum tax in Ca. - Posted by robert

Posted by robert on November 19, 1999 at 20:59:50:

Try www.mycorporation.com. According to them California corporation fees will be substantially reduced starting January 2000.

Re: LLC minimum tax in Ca. - Posted by Jim Pasquini

Posted by Jim Pasquini on November 19, 1999 at 09:23:18:

If it is already formed I don’t know of any. If you wait until after January 1, 2000 to form it California has a new program where the minimum tax is not due the first year, and there is a modification to the second year as well. The information is at the State’s website.

Re: LLC minimum tax in Ca. - Posted by Bill

Posted by Bill on November 19, 1999 at 10:09:03:

Maybe Im missing something, but other than anonymity what are the advantages of LLC’s in Ca. $800 bucks is a pretty big hit. Insurance is much cheaper. Any one, what are the advantages. thanks, Bill