Hacker News Reader

I'm not 100% sure I've read it correctly, but I'm also not 100% sure that closing the company before 4/15 exempts you from owing taxes on the money earned.

I'm horribly ignorant on the subject though, so hopefully somebody else might be able to chime in.

View on HN

I'm ok with taxes on money earned. I can't afford the $800 annual tax that is due on 4/15 for businesses running out of california. I already payed the $800 for the annual tax 3 months after the llc was formed (back in september).

My apologies then, I had misunderstood.

Is that for business operating in California, or business that have incorporated California?

Operating in Cali. As far as I know it doesn't matter where incorporation happens if you operate out of Cali you still have to pay the 800

Reply on news.ycombinator.com