San Diego, CA asked in Business Formation, Business Law, Tax Law and Trademark for California

Q: i have my own business and i went as far as paying for my trademark do i have to pay taxes on my business still?

i have not have my wedsited just yet or business cards, i havent even hired no one and i just want to know if i have to files for the business and even if i got my ein number

1 Lawyer Answer
Julie King
Julie King
  • Monterey, CA
  • Licensed in California

A: If you are taking about income taxes, the answer will depend on whether you have any income. However, you must remember that there are MANY kinds of taxes. If your business is incorporated or a limited liability company, you must pay the minimum of $800 per year franchise tax. I assume you have a business license from your city or county, and that fee is also a form of a tax. You should talk with a CPA or enrolled agent to find out the best way to save on taxes once your business gets rolling. Best wishes!

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