What is the annual cost of maintaining a LLC?
You should speak to your accountant regarding the annual cost of preparing K-1s for the LLC. Generally speaking, the LLC is subject to an annual California Franchise tax, which is $800 plus an amount determined by the gross receipts of the LLC.
In order to do business in California, every LLC must pay an annual tax of $800. California Revenue and Taxation Code Section 17942 also requires that every LLC must pay an annual fee based on total gross revenue.
California LLC Fees
| Annual Gross Receipts | Annual Fee |
| less than $250,000 | $800 |
| $250,000 to $499,000 | $800 + $900 |
| $500,000 to $999,999 | $800 + $2,500 |
| $1 million to $4,999,999 | $800 + $6,000 |
| $5,000,000 or more | $800 + $11,790 |
[...] Tax, and any amount owed for the Gross Receipts Fee imposed by the Franchise Tax Board (see, http://www.eminutesonline.com/what-is-the-annual-cost-of-maintaining-a-llc/ for more information on the California Gross Receipts [...]
All California LLCs must pay the minimum $800 Franchise tax. The additional gross receipts fee only applies if the LLC has gross revenue in excess of $250,000.
If there is no revenue, do I still need to pay the LLC fees?