Unfortunately, one of the downsides of CA is the $800 annual franchise tax =[. C... | Hacker News

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hbien on March 4, 2009 | parent | context | favorite | on: What state should I incorporate in?

Unfortunately, one of the downsides of CA is the $800 annual franchise tax =[. Can't get around it even if you incorporate somewhere else.

Good news is, if you're an Inc you can waive the first year. LLCs can't though.

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