Legal Question in Business Law in California

if i establish an LLC here in the state of california in november of 2013, when would i have to pay the $800 quarterly taxes.. is it possible for me to start up an llc by years end.

Asked on 9/20/13, 3:13 pm

2 Answers from Attorneys

William Christian Rodi Pollock

Yes, you would have to pay the $800 minumum tax. If you have time, why not start it January 1. Then you avoid the $800 and a tax retrun for 2013.

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Answered on 9/20/13, 3:16 pm
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

You can avoid the 2013 tax by starting on Monday, December 16th - California will disregard the 1/2 month........of course you MIGHT have taxable income to report to the Feds, but having income is always better than not having it! See my post to your follow-up question. Also, remember that California might assert the franchise tax against the LLC if the business actually got off to a head start before the LLC was formed, so remember that business startup date may be more significant than LLC formation date.

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Answered on 9/21/13, 4:16 pm

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