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For 30 years, IncSmart has helped companies and people from all over the world form California Corporations and California Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.

California Registered Agent

A California Registered Agent, also called a statutory agent or resident agent, is a company or person, residing in California, that has a physical address in the state and is open during business hours, and accepts legal service and notices from the Secretary of State on behalf of a Corporation or LLC.

In California, the annual report for corporations is known as a Statement of Information, and it is due every year by the end of the corporation's anniversary month. The first Statement of Information is due within 90 days of the corporation's formation.

For example, if a corporation was formed on April 15th, the annual Statement of Information would be due every year by April 30th. If the corporation was formed on November 1st, the annual Statement of Information would be due every year by November 30th.

It's important to note that failure to file the annual Statement of Information by the deadline may result in late fees, penalties, or even the suspension of the corporation's status. The Statement of Information can be filed online through the California Secretary of State's website or by mail. The filing fee for the Statement of Information varies based on the type of corporation. It's recommended to file the annual report in a timely manner to avoid any penalties or consequences.

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California Business Requirements

- Appoint Registered Agent

- Form Corporation or LLC

- Apply for a Federal Tax ID

- Fund your company with a business checking account

- Apply for a business license and pay the renewal fee each year

- File your Federal Tax Returns each year

- File your State Tax Returns each year

- Include an income or loss on your Personal Tax Returns each year

- Pay your annual fees to the Secretary of State each year

- Pay your annual fees to the Registered Agent each year

- Maintain your books with resolutions each year

- Have your Annual Company Meeting each year - Corporations

- Update your bylaws and operating agreement each year

- Issue stocks and membership certificates each year

                 California Suspended - FTB

"Suspended - FTB" in California means that the California Franchise Tax Board (FTB) has suspended a business entity's legal status due to non-compliance with tax obligations. This typically occurs when a business, such as a corporation, LLC, or partnership, fails to:
File required tax returns.
Pay owed taxes, including the minimum $800 annual franchise tax for entities registered with the California Secretary of State (SOS), regardless of business activity.
Meet other ongoing filing or compliance requirements.
Key Consequences of FTB Suspension:
Loss of Legal Status: The business loses its good standing and limited liability protection, making owners personally liable for debts and liabilities.
Operational Restrictions: The business cannot legally:
Conduct transactions or enter contracts.
File taxes with an automatic extension or claim tax refunds.
Sell or transfer real property.
Close or dissolve the business.
File or defend lawsuits.
Financial Penalties: The FTB may impose fines, interest, penalties, and a $2,000 penalty per tax year for failing to file missing returns within 60 days of a written demand.
Contract Voidability: Contracts entered during suspension may be voided by the other party.
Additional Scrutiny: Suspension may trigger audits or investigations by other agencies.
Why It Happens:
Suspension often results from neglecting tax filings or payments. A business can also be suspended by the SOS (for not filing a Statement of Information) and the FTB simultaneously.
How to Resolve (Revive) Suspension:
To restore good standing, the business must:
File all delinquent tax returns.
Pay all owed taxes, penalties, and interest.
Submit an Application for Certificate of Revivor (FTB Form 3557 BC for corporations or FTB Form 3557 LLC for LLCs).
Pay reinstatement fees and provide proof of compliance.
Ensure compliance with SOS requirements (e.g., filing a Statement of Information).
Once resolved, the FTB issues a Certificate of Revivor, and the SOS updates the business status to "Active."
Recommendations:
Check suspension status on the California SOS website or MyFTB.
Consult a tax attorney or CPA to navigate the reinstatement process.
Address issues promptly to avoid further penalties or administrative dissolution (possible after 60 months of continuous suspension under AB 2503).
For more details, visit the FTB website (www.ftb.ca.gov
) (www.ftb.ca.gov
) or contact a professional for assistance.

Disclaimer: Grok is not a lawyer; please consult one. Don't share information that can identify you.

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California Business Plans
By David Lanlias USA File

Along with your Bylaws and Operating Agreement, business owners must prepare a Business Plan that includes your marketing strategies. A banker or SBA will need a Business Plan before they can help you. A good business plans will help avoid the pitfalls that occur to small companies that do not plan their future.

The marketing plan should include traditional and e-marketing. The cost of implementing your business plan should not cost you an arm and a leg. It should be proportional to your business size, volume and growth potential. This may include print advertising, radio, television, cable television and mass mailings. Your marking plan should include the development of a website.

Company owners should be honest with themselves and create a mission for the company. A mission statement should be kept close and followed. This way you can create a solution before the problem becomes insurmountable. Surround yourself with trusted advisors such as bankers, CPAs and attorneys.

California Annual Fees and Taxes
By Jack Cohen USA File

After filing your entity with the Secretary of State, it is time to have your bookkeeping and tax planner in place. Income tax, payroll tax, state tax, sales tax and property tax. We are being taxed left and right and someone needs to care for your new company. Today, many businesses turn to CPAs for help. They will become a trusted advisor on major business and financial decisions. They can give advice on running and managing a business, and help manage your growth potential. Most lenders prefer financials prepared by CPAs

A CPA will show you the most effective accounting systems for your type of business. Advice on tax preparation, personal financial planning, and auditing services are important. They will also advise you on deductions and how to separate your personal and business expenses. The tax codes are complex and taxes for a business are more complicated than for an individual.

Good record keeping is an essential requirement for monitoring the financial health of your company. There is an efficient and practical way for you to keep your financial records in order. CPAs can provide services outside their home state The Uniform Accountancy Act provides