Let me tell you about one of the worst states to open an LLC: California. 🌆💸
California imposes some of the highest annual fees on LLCs, which can reach up to a whopping $800 per year!
This means that simply having an LLC in the state will cost you a significant sum annually.
But that's not all. California's state government is known for its aggressiveness when it comes to taxes. They closely scrutinize who should be paying taxes and what kind of taxes are owed.
This level of intrusiveness can be a major headache for LLC owners.
The only scenario where it might make sense to open an LLC in California is if you are actively conducting business within the state. If you're buying or selling goods, maintaining an office, or have employees in California, then you might have to register your LLC there. 👀
California ranks as the worst state to register an LLC, especially if you have no substantial business presence in the state. New York comes close in terms of high costs, but California takes the crown. 🚫
Avoid extra fees and government interference: choose your LLC state wisely!
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Check out JJames'stop recommended videos here. These are cornerstone videos that should answer many of your questions.
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not to provide legal advice. You should contact your attorney for advice regarding any particular issue or problem.
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