(Had to look for AI on this, sorry: I am not an accountant)
for the US:
Yearly franchise tax( California: 800$ min per LLC).
Annual report fees (50-300$ per state (Delaware 300$ // New York 9$).
…and also there’s a percentage of the income (if it’s not exactly zero, I guess)
…then, if you’re not an accountant, and don’t want to mess with taxes, you may want to pay someone (an accountant) that make sure your reports are correct (even if they are 0)
Would the tax not be a percentage of income?
(Had to look for AI on this, sorry: I am not an accountant)
for the US: Yearly franchise tax( California: 800$ min per LLC).
Annual report fees (50-300$ per state (Delaware 300$ // New York 9$).
…and also there’s a percentage of the income (if it’s not exactly zero, I guess)
…then, if you’re not an accountant, and don’t want to mess with taxes, you may want to pay someone (an accountant) that make sure your reports are correct (even if they are 0)