A CA LLC doing business in California is planning its annual budget. Which fixed tax item should the business remember from FTB's LLC guidance?
Correct Answer
D) An $800 annual tax while doing business or organized in California, until cancellation.
FTB states that every LLC doing business or organized in California must pay an $800 annual tax until the LLC is canceled.
Why This Is the Correct Answer
FTB states that every LLC doing business or organized in California must pay an $800 annual tax until the LLC is canceled.
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