As a business owner did you know there are several agencies that administer a variety of taxes for businesses in the State of California? Do you know the difference between the taxes collected by the California Franchise Tax Board and the California State Board of Equalization? Are you completing the correct form to file for business taxes?
Once you decide to establish a business, one of the critical issues to solve is which form of ownership best fits your business need. Forms of Ownership is a presentation where the Franchise Tax Board Small Business Liaison, Lucius C. Davis III will talk about the different forms of business ownership and their filing requirements (Sole Proprietorship, Partnerships, Corps, and LLCs) in the State of California.