California charges $800 per year per entity that does business in their state as a Franchise Tax.

That family earned their wealth with Taco Bell franchise stores in Texas.

Is there a BiggerPockets verion of a general business and franchising forum that anyone knows about.The sites I have found either don't see like there is hardly any traffic or the posters don't offer very good advice.I have a side business that is non REI and if I could find a online community that is as helpful as BD is for REI that would be awesome.

This was the main reason why I didn’t buy a franchise from a well-known homebuying company.

For Your level of success or failure, there is only 1 person responsible for it, YOU.6 Earn more incomeFigure out who how you can earn more income with you set of skills & education, your goal should be min $ 100K a year income,If you cannot earn $ 100K in your current field consider, different field such as sales, if you are willing to work hard in sales, you will earn $ 100K or more annually.Starting a franchise business like our own Burrito Bandidos Restaurant business or Domino’s Pizza, etc, you will have the potential to earn a very good living.

@Sam CollinsYou may want to reach out to @Michael Plaks who is based out of Houston.Texas is one of the unique states that require the filing of an LLC Franchise tax return even if the LLC is a single member LLC.This filing obligation is not known by many outside of Texas.Best of luck to with your choice.

You must be running an active business though, so I purchased a HomeVestors franchise. 

I just got a notice for a very-overdue "Texas Franchise Tax".

Would love feedback on whether I am in the ball park on the loan possibilities:Details on the building:-15,000 SF sing-use commercial building; current value $800K; well-maintained-25 payments remaining on current loan ($160K payoff)-Tenant is a profitable retail franchise; Landlord and Tenant have common ownership.

Now that I just sold it, I was told I need to pay about 3.3% for the Franchise Tax Board withholding of the total sale.