Lyndy

How Many Financial Statements Does an Annual Report Include?

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Companies compile an extensive report known as an annual report that contains details on their activities, financial performance, and potential futures. It is a crucial instrument for assessing a company’s financial health and helping investors, lenders, and other stakeholders make wise choices. Several financial statements that offer a thorough overview of a company’s financial situation … Read more

Do You Have to Pay the $800 California S Corp Fee the First Year?

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Do you have to pay the $800 California S Corp fee the first year? California law generally imposes a minimum franchise tax of $800 on every corporation incorporated, qualified to transact business, or doing business in California. A corporation that incorporates or qualifies to do business in California is exempt from paying the minimum franchise … Read more