A 2017 Statista.com analysis surmised that dispensaries averaged $3 million in annual revenue, with operating expenses averaging $1.2 million. In 2018, a study from ArcView and BDS revealed that “dispensaries have the ability to turn a 12 percent profit after taxes.” A 2020 Leafly.com study found that “…
In California, if you operate ANY type of business you need a general California city business license. This even applies to California small businesses and home-based businesses, or a business that does not make very much money.
Do you have to pay the $800 California LLC fee the first year?
Every LLC that is doing business or organized in California must pay an annual tax of $800. This yearly tax will be due, even if you are not conducting business, until you cancel your LLC. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first–year annual tax.
Is an S Corp better than an LLC?
While it may depend on your specific circumstances, in general, a default LLC tax structure is better than an S corp for holding rental properties. This is because rental income is typically considered passive income, which means it’s not subject to self-employment tax.
Best Business To Start With 20k In The Philippines ( POWER 5 )
Freelance Writing Business. Due to the easy access to the Internet, there are a lot of income opportunities for freelancers that appear all across the Philippines.