Will a Limited Liability Company taxed as a S-corp have to pay the CA limited liability co fee that’s based on total income?
We are converting to this structure and it looks like we’d be paying over $2,500 a year if this was true. I was told that if you change to S-corp you can avoid this fee and only pay based on your total profit? I do know that the limited liability co. would have to follow the ownership requirements of the S corp but I don't know what else applies. Thanks
