Can my cofounder and I agree on a simple one-pager that we will do a 50-50 split on equity once our company is legally formed (as a DE C-corp), so that we don't have to incur the cost of forming right now? I'd also like to assign our technology to the company as part of that.
A: Yes, that would be a partnership agreement to form a corporation.
I want to know if we form the company NOW, we will be on the hook for estimated taxes to CA (under foreign corp filing) for 2016, or not until next year?
A: Every corporation registered in California must pay a minimum $800 annual franchise tax, unless the corporation is dissolved without doing business within the first calendar year of its existence. So, the answer is "yes," with that qualification.
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