How To Choose Between an LLC and a Corporation in California

How to Choose Between an LLC and a CORPORAȚION in California CA nd attorney btgrat advice from your h Calfornia, LLCS paya gross receipts Only LLCS the iyes to ay answer you of the following questios C fee, which are Summarized in this chart: sare corporation probably obligated to Eross Receipts fee. Corporations pay $800/gear. pay makes more sese tor you: Annual Gross Receipts : the following questions Annual Fee a1Swer less than $250,000: $800 $250,000 to $400,000: $800 + $900 Is the revenue high enough to trigger Colforme's "Gross Receipti fee? NO YES $600,000 to $909,999 : $800 + $2,500 Any licened professional operate throgh a $1 million to $4,900,909 : $800 + $6,000 can Is there a licensed professionel involved? $5,000,000 or more : $800 + $11,790 corporation. → NO YES Licesed professions phypicians, Are all of your investors individuals? brokers, even mde racers) camot operate through LLC SCorporation shareholders must be US citizens or simple trusts. > NO YES you sately say will not Can LLC members can be indviduals, foreigners, other companies. that the compony NO YES Own real esfate? Depreciation dedvctions gereraly Depreciation dedvetion are maximized for presented by eMinutes LLC. are limifed for Scorporations. eminutes.com 2012 Ungerlaw, PC. All Rights Reserved.