California LLC Tax Help?

Do I need to File Taxes for my LLC (California) if I made no money? Annual Tax? Annual Fee?

  • Okay...I started a company in August 2011. Its an LLC. Since then...I've made absolutely no income because my store isn't even open yet. I'm still working on setting it up. So my question is: if I made no income to be taxed...Do I still file for taxes? And if I don't have to file taxes....is there a form I should fill out to state that I made NO money (if I don't have any proof I made nothing...its like saying the IRS would just take my word for it)... Additionally, in California the Annual Tax for an LLC is $800...there is also an "Annual Fee" for the LLC...if I didn't make anything...I dont have to pay this "Annual Fee" either...right? Thanks guys for all your help!...I'm on the phone with the IRS going on 70 minutes...so tryin' you guys while I wait...:) I just don't want to get any penalty fees from the Franchise Tax Board for my LLC and I want to be in good standing with the IRS...

  • Answer:

    absolutely the $800 is annual regardless of what your LLC does you would do well to dissolve it

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Other answers

The IRS does not handle State of California Corporation taxes. The California Franchise Tax Board is the group that handles this. Yes, all corporations in California, whether you earned money or not, are responsible for a minimum $800 corporation tax. - this is why in California you remain a sole proprietor for as long as possible. Certainly until you have at least made some money.

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