Corporate Tax in Sunnyvale, California

Find the right Corporate Tax attorney in Sunnyvale, CA

Corporate Tax Lawyers in Sunnyvale

In Sunnyvale, California, a "corporation" is specified as a legal entity that's separate from its owners. So, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This rule is called "corporate personhood." Essentially, under the law of California, corporations are, in many ways, the same as individual human beings. So, corporations have some of the same legal rights and obligations as actual people.

As a prime example, corporations have to pay income taxes, just as a person would.

Corporate Tax Rate in Sunnyvale, California

Basically every for-profit corporation in the U.S. is required to pay taxes on its income each year. Most states also have their own corporate income tax. All corporations in Sunnyvale, California are required to pay it.

At the federal level, and in certain states, corporations are taxed at different rates from individuals. Federally, the top corporate tax rate is 35% - a rate applying to corporations earning more than .3 million per year. Corporations earning less than ,000 a year pay a 15% corporate tax rate, and there are a few tax brackets in between. For comparison, the federal income tax for persons maxes out at 33%.

Likewise, chances are good that the corporate tax rate in California are different from individual income taxes. However, many states feel that their economies would be best served by attracting as many businesses as possible. For that reasons, in a large number of states, the corporate income tax rate is significantly lower than the individual rate.

In any case, Sunnyvale, California corporations have to pay both the state and federal income tax. If they fail to do so, they can be subject to grave penalties, such as very large fines. These fines can be big enough to put some smaller companies out of business. Suffice to say, it's usually cheaper for corporations to pay their taxes than to not.

How Can a Sunnyvale, California Corporate Tax Lawyer Help?

Many major corporations employ tax lawyers full time, to guarantee that they are in conformity with tax laws, and find legal means to reduce their tax liability.

But most smaller Sunnyvale corporations cannot afford to have these professionals on staff. So, they simply hire them as needed. If you are a business owner, and you have concerns about corporate taxation, you should seek the counsel of a competent and reputable tax lawyer in Sunnyvale, California as soon as you can.

Talk to a Tax Law Attorney now!

Life in Sunnyvale

Sunnyvale, California is a major city in the Silicon Valley of the San Francisco Bay Area. It has a population of 140,000 and is an important contributor to the field of high-tech electronic and digital technology. Sunnyvale is home to several major high-tech companies, and consistently ranks as one of the safest cities in the entire country.

As early as the 1960's, major corporations have been moving to Sunnyvale, California to participate in the digital and electronic boom centered in the Silicon Valley. Companies such as Yahoo!, Advanced Micro Devices, and Palm, Inc. are headquartered in the city. Steve Wozniak, co-founder of Apple, grew up in Sunnyvale, where he was exposed to the innovation and technology in Silicon Valley.

Sunnyvale is an unique city in that it maintains a Department of Public Safety. This department is a single, unified body that trains all personnel to operate as police officers, firefighters, and emergency medical response teams. This arrangement helps contribute to the city's low crime and overall city. Sunnyvale also holds a number of community social events that provide residents with ample opportunities for recreation.

Lawyers in Sunnyvale, California practice law in a number of fields in order to serve the unique needs of the city's businesses and residents. Sunnyvale lawyers process many legal claims at the Sunnyvale branch of the Superior Court of California, County of Santa Clara.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN