Providing Taxation, Accounting, Payroll and Business Consultancy Services

Jino Joseph & Associates

(510) 446-8638


(510) 342-9414

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Business Taxes

LLC's

California LLC's pay minimum  LLC tax of  $800 every year in additional to the LLC Fees
​The annual LLC tax is due and payable by the 15th day of the 4th month after the LLC is registered with the Secretary of State.

Example:  If a calendar year LLC is formed in June 2017, the first payment of $800 should be made by October 15th of 2017. The next payment is due by April 15th  2017 for the calendar year 2019 (pre-payment).

Form to be used for making the annual LLC tax  payment

If the revenue is $250K or more, additional LLC fees are levied by Franchise Tax Board based on the following revenue ranges:

  • $900 when annual revenues ranges between $250K and less than $500K
  • $2500 when annual revenues ranges between $500K and less than $1M
  • $6000 when annual revenues ranges between $1M and less than $5M
  • $11,790 when annual revenues of $5M or more

The LLC Fees is due and payable by the 15th day of the 6th month from the beginning of the taxable year.

Form to pay the annual LLC fee payment 

Failure to pay LLC taxes and fees will attract underpayment penalty of $40 per year (min) and monthly penalty and interest charges

Automatic Extension: LLC's (in good standing) that have fully paid their tax liability but cannot file their return by the due date receive an automatic six-month extension to file the return. However if the LLC owes any taxes, it should be paid by the return due date using Form 3537

15 day exception: CA LLC's formed  less than 15 days before the end of their tax year and did not conduct any business does not have to pay the $800 fee for that year. (See Publication)

S Corporations

California S Corporations pays tax at 1.5% of the net profit with a minimum of $800 every year (except for the first year).
​The minimum tax is due by the 15th day of the 4th month following the taxable year ($800 for $2017 is due by Apr 15th 2018 for calendar year Corporations). If the S Corporation owes more than the $800 minimum tax, additional tax payments are due quarterly

  • 1st installment due by the 15th of the 4th month of the taxable year (min $800 is due at this time)
  • 2nd installment due by the 15th of the 6th month of the taxable year
  • 3rd installment due by the 15th of the 9th month of the taxable year 
  • 4th  installment due by the 15th of the 9th month of the taxable year

Forms for making the quarterly estimated tax payments

C Corporations

California C Corporations pays tax at 8.84%o of the net profit with a minimum of $800 every year (except for the first year).The minimum tax is due by the 15th day of the 4th month following the calendar year.

Automatic Extension: S and C Corporations (in good standing) that have fully paid their tax liability but cannot file their return by the due date receive an automatic seven-month extension to file the return. Since the extension is automatic, there is no extension request form. If the corporation owes tax, it should submit form FTB 3539 (Payment Voucher for Automatic Extension for Corporations and Exempt Organizations) with payment by the original return due date.

Forms for making the quarterly estimated tax payments


California State Tax Filing Requirements


Statement of Information/ Annual Reports


Entities formed in California need to file statement of information as per the following schedule

  •   Initial Annual Report within 90 days of registration with the secretary of state
  • Subsequant Reports - LLC every 2 years by end of the formation month. Corporations  has to file every year by the end of month in which the corporation was incorporated with secretary of state. Failure to file on time will result in a $250 penalty charged by SOS and collected by FTB. If you receive a penalty bill from FTB for $250, please file the statement of information and then email penaltywaivers@sos.ca.gov to apply for relief from filing the penalty
  • You will get a white post card in the mail approximately 3 months before the filing due date. If is easy to think this as junk mail but it is not. If you have any doubts, please ask us

Entities formed in Delaware  Corporations needs to file the pay Franchise Tax for the prior year  by March 1st and for LLC's by June 1st (Click here to file and pay)

Entities doing business in Texas: Corporations need to file Annual Report and pay  Franchise Tax by June 15th. (Click here to file and pay)