Calculate your California LLC Statement of Information deadlines and understand the $800 minimum franchise tax requirement.
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California LLCs must file a Statement of Information (Form LLC-12) biennially and pay an $800 minimum annual franchise tax. This makes California one of the most expensive states for LLC maintenance.
The Statement of Information is due within 90 days of formation and then every 2 years thereafter. The anniversary date determines the filing window.
The $800 franchise tax is due annually, with the first payment due within 4 months of formation. New LLCs may qualify for a waiver of the first year fee in certain circumstances.
Biennial filing due within 90 days of formation, then every 2 years. Filing fee is $20.
$800 minimum annual tax, due by the 15th day of the 4th month after formation, then annually.
Minimum $800 annually plus $20 every 2 years for the Statement of Information. Additional fees may apply based on income.
$250 penalty for late Statement of Information. Late franchise tax payments incur penalties and interest.
Q: How much is the California franchise tax?
A: $800 minimum annually for LLCs, regardless of income or activity level. Additional taxes apply for income over $250,000.
Q: When is the Statement of Information due?
A: Within 90 days of formation, then every 2 years by the anniversary date.
Q: Is the $800 franchise tax waived for new LLCs?
A: First-year LLCs may qualify for a waiver if properly elected and meeting certain criteria.
Q: Can I avoid California taxes by forming elsewhere?
A: If you do business in California, you may still need to register as a foreign LLC and pay California taxes.
Q: What happens if I don't pay the franchise tax?
A: Penalties, interest, and eventual suspension of your LLC rights to do business in California.