California LLC owners waste $8,000 in 10 years
Published April 27, 2026 · 0:42 · 24 views
Key takeaways
- If you formed your LLC in California, you're burning [music] $800 every single year.
- That's the minimum franchise tax.
- Over 10 years, that's $8,000 wasted.
- Wyoming charges $62 per year total.
Summary
California LLC owners pay $800/year minimum franchise tax vs Wyoming's $62/year total state fee, wasting $738 annually for identical liability protection. • California charges $800/year even at $0 profit, totaling $8,000 over 10 years • Wyoming LLCs cost $62/year state fee + $99 registered agent = $161 total annual cost • New Mexico charges $50 biennial report ($25/year) with zero annual paperwork requirements → Bastion Formations: https://bastionformations.com #LLCFormation #EcommerceLLC #WyomingLLC #ShopifyBusiness #CaliforniaFranchiseTax
Full transcript
Auto-generated transcript. Watch the video for the full context and visuals.
If you formed your LLC in California, you're burning [music] $800 every single year. That's the minimum franchise tax. Even if you made zero profit. Over 10 years, that's $8,000 wasted.
Wyoming charges $62 per year total. New Mexico charges $25 per year. Same liability protection. 83% lower cost.
Most e-commerce sellers pick their home state because it feels easier. But you're paying $328 extra per year for no benefit. >> [music] >> Form in Wyoming or New Mexico instead. Your Shopify store doesn't care where your LLC lives.
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