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To: TangledUpInBlue

“$25 annual fee”

I think it is about $800 annual fee for a corporation of any size to do business in my state of Florida.

I believe many other states also charge steeply to operate an incorporated business.


44 posted on 04/15/2019 1:21:21 PM PDT by Brian Griffin
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To: Brian Griffin

They all vary. Some states are $15 or $25. Some state annual reports operate like a Franchise Tax. WI, CT, IL, and VA are the worst. Tax can go into the thousands. But as I say, there they are taxing Capital apportionment. I’m talking about a fixed fee. For example:

Sales of

$0 - $1M $25
$1M - $5M $50
$5M - $10M $75
Over $10M $200

Something like that. Very simple, very easy. Tied to Line 1a of Form 1120.


45 posted on 04/15/2019 1:29:29 PM PDT by TangledUpInBlue
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