Taxes

California is a great place to settle down, start a family, and of course, start a business. Whether you’re interested in starting a small business or something larger, the state of California offers many benefits that can make starting your business a breeze.

For example, businesses started in 2024 don't have to pay the $800 minimum franchise tax for the first year (applies to LLCs, LLPs, and corporations). Furthermore, this state allows you to deduct things from your business’ revenue to further reduce your tax bill and boost your California business tax return.

That said, it's important to understand how taxes work for businesses in California. You need to understand how they work for sole proprietorships, LLCs, corporations, and other legal structures to see which option is right for you.

Thankfully, we’re here to help. Read on to learn everything you need to know about California business tax.