Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> pay the $800 annual fee whether or not you have any income

Really? In the 2 states I've lived in, there is no annual fee for LLC's. I'm curious what the reasoning behind having a fee that large is.



I'm surprised. I've had two in Florida and both had annual report fees ~ $150.

But if you don't pay your LLC just goes defunct. Making it a mandatory fee you can't escape kind of flies in the face of the whole point of an llc


Basically, because CA can get away with it.


In my state (not California) I have to file paperwork with the state on a yearly basis to confirm the status of my corporation: still active, any changes to the board, etc. There is a fee associated with this as well, though it's far less than $800. If you fail to do this, they just dissolve your corporation.


California is the same, the Statements of Information must be filed annually with the Secretary of State and subject to a filing fee (separate from the franchise fee).


Because governments are monopolies, they can charge monopolistic prices. The only way to not work with them is to physically move your permanent residence. That's a pretty deep moat.


And the worst offenders will take potshots at you on your way out. NY, CA and other states specifically try and extract extra tax revenue from people who said "screw it, I'm out" but didn't do a good enough job documenting how out they in fact were.


If California can tax it, oh they will tax it.


Unless it’s land that wealthy people owned before 1967 and don’t want to pay taxes on.


tax what you want less of.


To get people to move to Texas and free up the real estate. /s


>To get people to move to Texas and free up the real estate. /s

See also:

"To get people to move to Texas and create CA's regulatory environment there."


That is, unfortunately, also true. They move to Austin, and vote the same way they did in CA, with predictable results.


What states are these? I've had fees in every state I've every formed an LLC in and/or been a foreign corp in.


https://www.llcuniversity.com/llc-annual-fees-by-state/

shows some 9 states with no annual fee.


>I'm curious what the reasoning behind having a fee that large is.

The fee is just one small part of a litany of compliance hurdles. The purpose is to keep the small guy under the table so that he can be squashed like a bug (by a lawsuit and/or the gov itself) if he F's up.

I'm sure they have some grandiose "think of the children"-esque language they do to justify it but as someone who lives in a similar regulatory environment the practical effect is that businesses either start with lots of investment[1] or they stay as under the table as they can possibly be.[2]

[1] either capital investment, like a facility and fleet of trucks, or time investment in the status quo, for example by a white collar professional (like a PE, lawyer or accountant) spending years working under some other business and building a reputation before striking out on their own or a tradesmen getting a professional license that requires years in a field. Sometimes there's a hybrid approach where you do your 9-5 for someone who's already made the investment and do side gigs to build up a customer base and then at some point you "go legit" and start your own business.

[2] And they either stay small or try and slowly amass the capital to start an above the table business.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: