I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.
Sharon Holley on
It does not apply to a general partnership, only to a limited partnership.
I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.
Norman Gee on
Exceptions to the first year annual tax
LLCs are not subject to the annual tax and fee if both of the following are true:
They did not conduct any business in California during the tax year
Their tax year was 15 days or fewer
Short form cancellation
If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.
Peter Dunkelberger on
BTW, I have done taxes for a couple of California LLCs long before Newsome became governor. Call it what you wish, but it ain't Newsome's tax.
LLCs are not subject to the annual tax and fee if both of the following are true:
They did not conduct any business in California during the tax year
Their tax year was 15 days or fewer
Short form cancellation
If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.
Charles L Tatum II on
Good morning Bivions,
I'm at the SOS web site now attempting to correct the type of entity my club should be. Do I opt for
Termination - Cancellation or
Dissolution Only.
Sent from my iPhone
On Dec 8, 2020, at 3:37 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
BTW, I have done taxes for a couple of California LLCs long before Newsome became governor. Call it what you wish, but it ain't Newsome's tax.
LLCs are not subject to the annual tax and fee if both of the following are true:
They did not conduct any business in California during the tax year
Their tax year was 15 days or fewer
Short form cancellation
If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.
ira smilovitz on
This is a legal question. Either speak to an attorney or try calling the CA SOS office and ask them.
LLCs are not subject to the annual tax and fee if both of the following are true:
They did not conduct any business in California during the tax year
Their tax year was 15 days or fewer
Short form cancellation
If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.
Charles L Tatum II on
Thank you. I opted for Termination - Cancellation. The filing fee was $5.00.
Sent from my iPhone
On Dec 9, 2020, at 8:31 AM, ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:
This is a legal question. Either speak to an attorney or try calling the CA SOS office and ask them.
LLCs are not subject to the annual tax and fee if both of the following are true:
They did not conduct any business in California during the tax year
Their tax year was 15 days or fewer
Short form cancellation
If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
I was unaware of that. Is there no provision for investment
clubs. We are not a business. Other than capital gains
taxes I don't expect to pay any other taxes or fees.