2020 LLCs, Corporations, & Business Legal Updates

LLCs, Corporations, & Business Legal Updates

California Extends First-Year $800 Minimum Franchise Tax Exemption to LLCs, LPs, and LLPs

Effective January 1, 2021. California Governor Gavin Newsom signed the state’s 2020 Budget Act on June 29th. The new spending plan includes measures aimed at supporting small businesses struggling in the wake of the COVID-19 pandemic.

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