Frequently Asked Questions

 Once you have put your business into motion, and your dreams are now a reality. Your books are the backbone of your business. 

City of Los Angeles Business Taxes and Permits

The City of Los Angeles Office of Finance administers the city's business tax, as well as several of the permit renewals that are required for business owners. The key dates are below:

February 28: All business entities must pay a city business tax each year, or file for an exemption. Business taxes are due on January 1st of each year and are considered delinquent if they are submitted after February 28. You should receive a reminder postcard or form in the mail in December.

*** Business tax exemptions are available for certain types of businesses – for instance, for your first two years of operation, or if you make less than $100,000 per year. However, it is essential to file your annual business tax renewals on time each year in order to qualify for the exemptions.  

 Get some impartial advice from an accountant before you consult the bank. A bank will want to see a strong business plan and organized records. Let us help you get ready for your business's next step!