"LLC Franchise Taxes: A State-by-State Breakdown"

Franchise taxes are state-imposed fees on businesses like LLCs, varying by state in calculation, minimum fees, and due dates, as summarized in a state-by-state breakdown. Business owners should review their state's specific regulations and consult tax professionals to ensure compliance.

Franchise taxes are periodic fees levied by states on certain types of businesses, including LLCs (Limited Liability Companies). The purpose of these taxes is to fund state operations and give businesses the privilege to operate within the state. The calculation and requirements for franchise taxes vary depending on the state. Below is an overview of franchise taxes for LLCs.

State	Tax Basis	Minimum Fee	Filing Frequency	Due Date
Delaware	Gross Receipts or Authorized Shares	$300	Annually	June 1
California	Flat Fee plus Gross Revenue	$800	Annually	15th day of 4th month after fiscal year
Texas	Margin Tax (Revenue minus Expenses)	$0 for businesses under a revenue threshold	Annually	May 15
New York	Gross Receipts	$25	Annually	15th day of 3rd month after fiscal year
Nevada	Flat Fee	$200	Annually	Anniversary of LLC formation

Note: Franchise tax rules can vary widely between states, and additional fees or exemptions may apply. LLC owners should check the specific requirements for their state and consult with a tax professional if needed.

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