Hidden costs of LLC

Frequently asked question relating to hidden costs of LLC vs Corporations

LLC, in fact,  have lower maintenance costs as compared to a C or S Corporation. Corporations may have additional compliances.

Depending on your annual income few states have franchise taxes. Few others like California have franchise tax irrespective of whether your company generates income which is around $800.

Overall it depends on which states you have incorporated your LLC.



Posted In: Company Formation

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