Why RIGHT NOW is The Perfect Time to Open Up Your Own Business
If you’ve been looking for a sign to open up your business, THIS IS YOUR SIGN.
According to the California Secretary of State website sos.ca.gov the $70 Form LC-1 processing fee usually required to form a LLC (limited liability company) has been waived until June 30, 2023.
On top of this discounted / waived price, the California Franchise Tax Board has announced that for the first year of opening and operating your LLC, you will NOT have to pay the minimum franchise board tax board fee of $800.
For tax years beginning on or after January 1, 2021, and before January 1, 2024, LLCs that organize, register, or file with the Secretary of State to do business in California are not subject to the annual tax of $800 for their first tax year.
That’s already a savings of $870!!!
So what are you waiting for? BE YOUR OWN BOSS and start working on opening up your own business today.
Light and love,
-KMD
