Question: what is the difference between a corporation and llc in california?
Answer: The big difference between an LLC and a corporation is that this tax is based on net income vs. gross receipts as it is in an LLC. ... An LLC would pay the $800 plus the gross receipts fee of $6,000 for a total of $6,800. An S corporation would pay just the net income tax based upon 1.5% or $2,250.