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Do you have to pay the $800 Minimum Franchise Tax in CA if you are a foreign corp?

All,

Just want to check in on this topic. We are a C corp in Delaware and foreign corp in CA. We are filing taxes for the 1st time in CA as a foreign corp. Is it correct that you pay the minimum Franchise Tax even if you are a startup with no revenue yet and only expenses?

Thank you. Appreciate the input and confirmation.
Ajay

2 Replies

David Antila
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David Antila Entrepreneur • Advisor
Managing Partner, Product Strategy Partners
Yep.
Timothy Clark
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Timothy Clark Entrepreneur
Owner - Radiant Heart Studios
I've got a similar question: We formed a corporation in Wyoming but our office is in California. I was told that we need to register in California. Our app only generated $300 this year (our first year).... Doesn't seem fair to have to pay $800 to the Franchise Tax Board when our taxes will be less than $24.
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