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February 9, 2007, Newsletter Issue #51: State Franchise Tax Board
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Tip of the Week
*Depending upon the individual states in which you are doing business, you may need to pay taxes to each state franchise board.
Each state has its own requirements for how and when it collects taxes. Staying up to date on the ever-changing requirements and laws of multiple states can be a big burden for a small company. Corporations with offices in multiple states need to stay on top of the various requirements and deadlines. This can become burdensome. Before expanding your business into new territories across state lines, check with each state franchise tax board to understand your obligations.
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