some states (including California, Delaware, Illinois, Massachusetts, New Hampshire, Pennsylvania and Wyoming) impose an annual fee on LLCs, called a ” franchise tax,” an “annual registration fee” or a “renewal fee.” In most states, the fee is about $100, but California exacts a hefty $800 fee per year from LLCs, and Illinois, Massachusetts and Pennsylvania charge $300, $500 and $330, respectively. Before forming an LLC, find out if your state charges a separate LLC-level tax by visiting the website of your state’s Revenue or Tax Department, or by giving them a call.
Read more: http://articles.bplans.com/growing-a-business/how-limited-liability-companies-llcs-are-taxed/138#ixzz3WdOYD83W
Read more: http://articles.bplans.com/growing-a-business/how-limited-liability-companies-llcs-are-taxed/138#ixzz3WdOYD83W
