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Thread: Forming an LLC or other type of corp. to get additional cards
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Old Jul 10, 2013 | 12:43 pm
  #12  
Stubtify
 
Join Date: Jan 2011
Posts: 749
Originally Posted by BigDawgFT
It will also cost you. In CA, for example, a corporation and LLC have to pay minimum, annual franchise taxes in the amount of $800. In addition to the costs of legal, accounting and tax compliance, each will typically have annual information filing requirements, and related filing fees. So, in brief, the additional costs may outweigh the benefits (or greatly diminish them).
+1. They're aggressive on this $800 per year as well, you will not fly under the radar. They don't care if you have $0 income.
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