CDAMike
Level 2

California law generally imposes a minimum franchise tax of $800 on every corporation incorporated, qualified to transact business, or doing business in California. A corporation that incorporates or qualifies to do business in California is exempt from paying the minimum franchise tax in its first taxable year.

https://www.ftb.ca.gov/about-ftb/newsroom/tax-news/december-2020/all-about-business.html

 

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