Franchise Tax

Also known as a privilege tax, the franchise tax is a type of tax paid by certain companies that wish to run businesses in certain states. It allows businesses to operate in the said state. The franchise tax is different from a tax given to franchisees, federal or state taxes. There are certain states such as Alabama, Arkansas, California, Delaware, Georgia, Illinois, Louisiana, New York and Texas. All these states still implement such tax practices.

Franchise taxes are charged to corporations, partnership firms, and other corporate entities such as limited liability companies. However, these taxes do not apply to fraternal organisations, non-profits, and some of the limited liability corporations. Our team of experts would help you overcome the problems relating to the franchise tax.