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Updated over 5 years ago, 06/29/2019

Salvador Carlton's profile image
Salvador Carlton's profile image
Salvador Carlton
Pro Member
  • Investor
  • from Lancaster, CA
  • Member since Mar 7, 2016
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User Stats

18
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4
Votes
Salvador Carlton's profile image
Salvador Carlton's profile image
Salvador Carlton
Pro Member
  • Investor
  • from Lancaster, CA
  • Member since Mar 7, 2016
Connect
Salvador Carlton
Pro Member
  • Investor
  • Lancaster, CA
4
Votes |
18
Posts
Goals, Business Plans & Entities

CA LLC Gross Receipts vs S Corporation

Salvador Carlton
Pro Member
  • Investor
  • Lancaster, CA
Posted

Recently my CPA mentioned that on top of paying the annual $800 per year, we are now fall into the category of Gross receipts which would be an additional $900. He mentioned perhaps our Real Estate business which is made up of passive income be changed to maybe an S Corporation to avoid the additional $900.  Any suggestions?  Has anybody that does business in California experience such?  Any suggestions are greatly appreciated.  

  • Salvador Carlton
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