Quote:
Originally Posted by InfoGuy
Where do you get the $800 figure?
The highest fee quoted at the California Secretary of State is $150. The annual Statement of Information is $25. If your accountant is charging you an extra $775 for it, you better find a new accountant. |
It is an annual corporate tax paid to the Franchise Tax Board (State of California), per corporate entity. The California Secretary of State fee is something else entirely. Then there are your local fees as well. Business license, etc. If you are a corporation, you've paid it. If you haven't paid it, your status will be revoked.
It's one of those things that 'just is'. It's the cost of doing business in California.
Hawaii has a General Excise Tax, that business owners are responsible for filing and paying. (it's involved of course, but that's the bottom line.)