California LLC - Annual LLC Franchise Tax

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Description:
Step-by-step instructions: https://www.llcuniversity.com/california-llc/annual-llc-tax/

California charges an $800 Annual LLC Franchise Tax on LLCs.

This tax is due by ALL LLCs regardless of income or business activity.

This is a "prepay" tax, meaning it pays for the current year.

Failure to file before the deadline will result in the State charging late fees and penalties, and they will eventually dissolve your LLC if you do not pay the $800 Annual LLC Franchise Tax.

This is not a popular requirement for California, but it is mandatory, and it is the cost of doing business in the State.

There is no way to get around this tax.

If you want to form an LLC in California, you have to pay this $800 tax within 4 months after you file your LLC and then again by April 15th of each year.

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-- FORM 3522: 2016 CA LLC $800 TAX VOUCHER --

• https://www.ftb.ca.gov/forms/2016/16_3522.pdf
• All LLCs must file.
• Due by the 15th day of the 4th month after your LLC is filed.
• Then by April 15th every year going forward.

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-- FORM 3536: 2016 ESTIMATED FEE FOR CA LLCs --

• https://www.ftb.ca.gov/forms/2016/16_3536.pdf
• Only needed if your LLC makes greater than $250,000.
• Due by the 15th day of the 6th month after your LLC is filed.
• Then by June 15th every year going forward.

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-- FORM 568 – 2015 CA LLC RETURN OF INCOME --

• https://www.ftb.ca.gov/forms/2015/15_568.pdf
• All LLCs must file.
• Due by the 15th day of the 4th month after the end of your taxable year.
• This will most likely be April 15th if you run your tax year January to December (which 99% of our members do).

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-- CA FRANCHISE TAX BOARD CONTACT INFO --

HOURS:
Monday – Friday, 7am – 5pm PT

PHONE:
888-635-0494 (Collections, option 3, option 3, option 0)
800-852-5711 (Main = Taxpayer service center, general questions)

WAIT TIMES:
Wait times can be quite long if you call during the middle of the day. Get up early and call them at 7:00am to save yourself time.

LIVE CHAT:
https://www.ftb.ca.gov/aboutFTB/Live_Chat.shtml

MAIN WEBSITE:
http://www.ftb.ca.gov/

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-- DISCLAIMER --
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.

LLC University® is a registered trademark of LLCU Media Group, LLC.
© LLCU Media Group, LLC. All rights reserved.
https://www.llcuniversity.com

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