the franchise tax is $800. LLCs that elect to be taxed as a corporation are subject to California's corporate income tax instead of a franchise tax; meanwhile, franchise taxes for LLP and LPs vary but must pay the minimum $800 franchise...
Corporations also take advantage of their ability to use the court system; lawsuits between publicly traded companies are certainly not unusual. The core component of a corporation -- that it’s its own legal entity -- has been around for hundreds of years, and it’s one reason the U.S....