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S corporations pay a franchise tax of 1.5% of net income in the state of California (minimum $800). This is one factor to be taken into consideration when choosing between a limited liability company and an S corporation in California. For highly profitable enterprises, the LLC franchise tax fees (minimum $800), which are based on gross ...
There’s no current law regulating hidden fees in California. There are similar California laws surrounding “unfair methods of competition” including advertising without the intent to sell. A ...
Senate Bill 478 would prohibit companies from hiding mandatory fees that lawmakers described as a "deceptive advertising practice." Free from fees? California bill combats 'junk' fees for ...
Based on the court's reasoning, fees and charges for ongoing sewer and refuse collection services are also "property-related." [145] In 2017, the California Supreme Court held that a fee imposed upon persons on the extraction of groundwater was generally no longer a property-related fee under Proposition 218. [59]
FTC cracks down on junk fees. California's law could have national implications. Days after Newsom signed SB478, the Biden administration announced "new efforts to crack down on junk fees and ...
Map of U.S. states which have passed laws allowing the formation of benefit corporations: Passed into law. No existing law. Bill failed a vote in the state's legislature. In business, and only in United States corporate law, a benefit corporation (or in some states, a public benefit corporation) is a type of for-profit corporate entity whose ...
The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act". [1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a ...
Starting July 1, a new California law will prohibit restaurants and other businesses from charging customers “junk” fees.. Senate Bill 478 will eliminate hidden charges on purchases made ...
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