California Franchise Tax: LLC vs Statutory Trust

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Welcome back to another episode of "Coffee With Carl"! In this episode, we dive deep into the often-overlooked aspects of the California Franchise Tax, specifically focusing on LLC fees and the benefits of statutory trusts.

Key Points:

LLC Fees in California: We often hear about the base $800 franchise tax, but the costs increase significantly with higher revenue levels. Learn about the fee tiers and what they mean for your business.

Misconceptions and Clarifications: Many articles and opinions on the internet can be misleading. We debunk common myths and provide clarity on the true costs associated with LLCs and statutory trusts in California.

Statutory Trusts as an Alternative: Discover why Anderson Advisors recommends statutory trusts for clients looking to minimize franchise tax burdens. We explain the flexibility in how these trusts can be taxed, similar to LLCs.

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Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.

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Call: 800.706.4741

About Anderson Advisors

Anderson Advisors is a business planning and asset preservation consulting firm that provides high-quality services, education and resources to high-networth individuals, families, trusts, real estate investors, stock traders and business owners.

Serving clients since 1997, Anderson Advisors is growing at a phenomenal rate and we owe this success to our people, services and clients.

Disclaimer

The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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