As the most populous state in the union, California has no shortage of cities where you can start your LLC. Here’s some of the key information on each city to help you make an informed choice.
Los Angeles certainly has plenty going for it as a great place to start your LLC — warm beaches, the hub of the entertainment industry and a prominent influence for the fashion industry. Many startups and businesses have chosen L.A. as home base, including Hulu, Demand Media and Snapchat. Here is information helpful to starting your business in L.A.:
The ten biggest industries in LA, in descending order of revenue are:
As a central hub of technology, innovation and culture, San Francisco is the city to start up a tech-based LLC, if you can afford the high cost of living. Despite San Francisco being the most expensive city in the United States to live, it has opportunities other cities might not have because so many entrepreneurs choose it as their home base. These opportunities include access to investors, unparalleled networking opportunities and shared housing opportunities for entrepreneurs. Here are some stats on what it's like to live and start a business in San Francisco:
San Francisco has a number of big industries including:
As the largest city in the Bay Area, San Jose is home to many tech startups and businesses across a range of sectors. But watch out, San Jose also made the list of most expensive cities in the world to buy housing.
As home to “Silicon Valley,” San Jose is a national leader in the tech industry. It is also well represented in:
Another popular choice for California startups, San Diego is worth a look. It might not be a metropolis like it's sister San Francisco and brother L.A., but San Diego has it's perks. Namely, 70-degree, year-round weather and a laid-back beach vibe.
San Diego’s biggest industries include:
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|State Fee||State Filing Time||Expedited Filing Time|
|$100||15 Business Days||10 Business Days|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date: During six-month period ending on last day of anniversary month of incorporation or qualification.
Filing Free: $20
Important:The initial Statement of Information filing is due within 90 days of the entity formation date.
Franchise Tax Fee: $800 (minimum)
$800 payment for the LLC Franchise Tax is due by 15th day of the 4th month after your LLC is filed. The month your LLC is filed counts as Month 1, regardless if you file on the 1st of the month, the last of the month, or any day of the month, really. This means that if you were to file your LLC on March 22nd, then you must pay the $800 fee no later than June 15th (in this example, March is Month 1, April is Month 2, May is Month 3, and June is Month 4). Then, every year after your first payment $800 LLC Franchise Tax will be due by April 15th. You pay the $800 LLC Franchise Tax using Form 3522 called the LLC Tax Voucher.
(We do not assist in the filing of the Franchise Tax Report)
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