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What is the annual cost of maintaining a LLC?

April 26, 2017annual COST LLC maintaining

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What is the annual cost of maintaining a LLC?

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You should speak to your accountant regarding the annual cost of preparing K-1s for the LLC. Generally speaking, the LLC is subject to an annual California Franchise tax, which is $800 plus an amount determined by the gross receipts of the LLC. In order to do business in California, every LLC must pay an annual tax of $800. California Revenue and Taxation Code Section 17942 also requires that every LLC must pay an annual fee based on total gross revenue.