8. Tax Requirements
Businesses are likely to be subject to federal, state, and local taxes. Entrepreneurs are strongly advised to consult with a tax professional as they consider business activity, organizational structure, and location. For reference, federal and state taxing agencies are described below.
Internal Revenue Service
All for-profit ventures are subject to federal income taxes. Further federal tax information can be found by contacting the IRS at:
California State Franchise Tax Board
Businesses in California are subject to various taxes based upon activity, size, and employment, among other factors. The following websites can provide information on California Business Tax requirements, forms, filing dates and other important information:
The California Tax Service Center: taxes.ca.gov
The California Franchise Tax Board: 800-852-5711