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My business entity (Corporation, LLC, Partnership, etc) is entirely passive and/or dormant and it is just paying a minimum tax to the Secretary of State. Is it required to get a license?

April 26, 2017Business corporation dormant entirely entity LLC minimum partnership passive paying

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My business entity (Corporation, LLC, Partnership, etc) is entirely passive and/or dormant and it is just paying a minimum tax to the Secretary of State. Is it required to get a license?

1 Answer

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If your business entity represents business conduct to the public at large (such as through letterhead, the receipt of rent checks, etc) in addition to being registered as active with the Secretary of State and reporting on a business return with the FTB and IRS, it will need a license.