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Does Washington State's B&O tax apply to my foreign-owned LLC registered there?
I formed my LLC in Washington State because I have a friend there who helps me with my business. I'm from Australia and I provide marketing consulting services to clients worldwide. My LLC made about $150,000 last year.
I just learned about the Business & Occupation (B&O) tax. Is this something I need to worry about even though I have no Washington clients? Does registering in Washington alone create a B&O tax obligation?
Related Questions
Do I owe California's $800 franchise tax if my foreign-owned LLC is registered in CA but earns no CA income?
I registered my single-member LLC in California because my registered agent is there. I'm a non-resident alien living in Germany and all my clients are outside the U.S. I just got a notice from the California Franchise Tax Board saying I owe $800 minimum franchise tax. Is this real? I thought since my LLC is a disregarded entity with zero U.S. income, I wouldn't owe any state taxes. The $800 seems like a flat fee regardless of income. Do I also need to file a California tax return on top of the federal Form 5472? If I dissolve the LLC in California and re-form in Wyoming or Delaware, can I avoid this tax going forward?
What are New York's filing requirements for a foreign-owned single-member LLC?
I formed an LLC in Delaware but registered it as a foreign LLC in New York because I have a client there. I'm a UK citizen living in London. My LLC provides consulting services to a NYC-based company. I know about the federal Form 5472 requirement, but what do I need to file with New York State? I've heard about something called the IT-204-LL filing fee and also that NYC has its own business tax. Is a single-member LLC treated differently than a multi-member LLC for New York purposes? The income from this one NYC client is about $50,000/year. What am I looking at in terms of New York state taxes?
Does my foreign-owned LLC need to pay the Texas franchise tax even though Texas has no income tax?
I keep hearing that Texas has no state income tax, which is why I formed my LLC there. But now my accountant is telling me about a "franchise tax" or "margin tax" that I might owe. I'm a Canadian citizen running an e-commerce business through the LLC. My LLC had about $400,000 in gross revenue last year but only about $60,000 in net profit after expenses. Do I need to file anything with Texas? Is there a minimum threshold? I thought the whole point of Texas was avoiding state taxes.
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