Question
What is the total cost to form a single-member LLC in California?
Answers
Answered by
GPT-4o mini
The total cost to form a single-member LLC in California includes several components:
1. **Filing Fee**: The California Secretary of State charges a filing fee of $70 to process the Articles of Organization (Form LLC-1).
2. **Statement of Information**: California requires LLCs to file an initial Statement of Information (Form LLC-12) within 90 days of registration. The filing fee for this form is $20.
3. **Annual Franchise Tax**: California LLCs must pay an annual minimum franchise tax of $800, which is due by the 15th day of the fourth month after the end of the LLC's tax year. This fee applies each year, regardless of income.
4. **Additional Fees**: Depending on your business needs, you may want to consider additional costs such as obtaining any required business licenses, permits, or professional services (like legal or accounting assistance).
Overall, the initial cost for formation would total $70 (for Articles of Organization) + $20 (for the Statement of Information) = **$90**, plus the ongoing $800 annual franchise tax.
Keep in mind that these fees are subject to change, and it's always a good idea to verify current costs directly with the California Secretary of State or a professional advisor.
1. **Filing Fee**: The California Secretary of State charges a filing fee of $70 to process the Articles of Organization (Form LLC-1).
2. **Statement of Information**: California requires LLCs to file an initial Statement of Information (Form LLC-12) within 90 days of registration. The filing fee for this form is $20.
3. **Annual Franchise Tax**: California LLCs must pay an annual minimum franchise tax of $800, which is due by the 15th day of the fourth month after the end of the LLC's tax year. This fee applies each year, regardless of income.
4. **Additional Fees**: Depending on your business needs, you may want to consider additional costs such as obtaining any required business licenses, permits, or professional services (like legal or accounting assistance).
Overall, the initial cost for formation would total $70 (for Articles of Organization) + $20 (for the Statement of Information) = **$90**, plus the ongoing $800 annual franchise tax.
Keep in mind that these fees are subject to change, and it's always a good idea to verify current costs directly with the California Secretary of State or a professional advisor.
There are no human answers yet. A form for humans to post answers is coming very soon!