Glossary • Updated 2026
LLC
Limited Liability Company: pass-through by default with a liability shield.
In detail
California layers $800 + receipts-based fees ($900–$11,790) on top of pass-through treatment.
Delaware charges $400/yr flat (2026+); Wyoming $62/yr.
Single-member LLCs get Wyoming’s lifetime charging-order statute.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries