Franchise Tax Board

In California and some other states, the Franchise Tax Board is responsible for administering franchise taxes and income taxes for businesses. California LLCs must pay an $800 minimum annual franchise tax, even if they make no income. The Franchise Tax Board enforces these payments and can impose penalties for late filings. Understanding this agency’s role is essential for LLCs operating in franchise tax states. Compliance ensures you maintain good standing and avoid costly fines.