LLC Annual Fee Clarified by Franchise Tax Board

Posted on July 15, 2016 by Richard Burt

A limited liability company (“LLC”) doing business in California (whether organized under California law or the law of another state) must pay an LLC annual fee on its “total income from all sources derived from or attributable to this state.” … Continue reading →

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FTB Tax Clearance Certificates

Posted on April 1, 2016 by Richard Burt

When a business is required to deduct and withhold taxes and remit them to the Franchise Tax Board (FTB), a successor to the business can be responsible for paying the amount owing to the FTB  if the business does not pay … Continue reading →

Posted in Buy-Sell Agreement, Mergers & Acquisitions, Purchase and Sale of a Business, Successor liability | Tagged , , | Comments Off on FTB Tax Clearance Certificates

Don’t go to MyFTB.com. It’s not the official site.

Posted on January 19, 2016 by Richard Burt

To access your MyFTB account, go to the FTB’s website: www.ftb.ca.gov . Note that the word “my” is NOT part of the URL. MyFTB.com has been reported as a malware site.

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