CDAMike
Level 2
03-03-2022
10:02 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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