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LLC
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Aubray1986
AgentKate Answered question
CA has an $800 annual tax for the privilege of doing business in the State. An LLC passes the income and expenses to the owners, known as members on a percentage ownership and each owner receives a K-1 statement. The annual tax is not based upon whether the LLC is taxed as a partnership, corporation or other. All LLC’s pay the $800 tax. Whether you are a single member, partnership or corporation is irrelevant
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