New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
What are advantage and disadvantages of incorporating in California?
Dear Ken,
Unfortunately, with California we are talking mainly about disadvantages.
The state is so strapped for cash that they fired most of their staff at the Secretary of State office. As a result, is takes anywhere form two to three month to form a company by mail.
On top of that, California apparently is trying to cover its budget deficit at the cost of the business owners. The state charges a minimum of $800 of so-called “franchise tax” to any business registered in California. That includes businesses formed in other states that have a foreign entity registration in the Golden State.
As a result, we generally recommend that business owners look elsewhere, like Wyoming for instance, unless they really have to incorporate in California.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
