California!

   
   Corporate Name Endings
     * The name must not be likely to mislead the public, be the same as,
       or resemble so closely as to lead to deception, the name of a
       domestic or qualified foreign corporation, a name under
       reservation, the registered or assumed name of a foreign
       corporation. The name would need Superintendent of Bank's approval
       if it contained the words "bank" "trust," or "trustee."
       
   Articles of Incorporation Requirements
     * Director Information
          * Minimum Number - Minimum number is three. However, if less
            than three shareholders, the number of directors may be less
            than three, but not less than the number of shareholders.
          * Residence Requirements. - No provision.
          * Age Requirements - None.
          * Directors are not required to be listed in the articles of
            incorporation.
     * Officer Information
          * The officers are not required to be listed in the articles of
            incorporation.
     * Stock Information
          * An increase in shares or par value does not effect initial
            fees.
       
   Yearly Requirements
     * Annual Statements
          * Domestic corporations must file with secretary of state
            within 90 days after filing its articles or incorporation and
            annually by end of calendar month during which original
            articles of incorporation we filed a statement by domestic
            stock corporations. The cost is $20.
     * Income Tax Rate
          * The income tax rate is 8.84% of net income. Corporations must
            pay an annual minimum franchise tax of $800.
     * Please note:
          * Every corporation that incorporates or qualifies as a foreign
            corporation in California on or after January 1, 2000 is
            exempt from the prepayment of franshise tax at the time of
            filing and ALSO the corporation is exempt from the minimum
            tax for its first tax year.
          * If a company wants to reincorporate soley to avoid the
            minimum taxes, this is not allowed.
          * Assembly Bill 10 that changed the old law.
          * Changes to Section 23153 of the Revenue and Taxation Code
            eliminated the minimum tax for the 1st taxable year.
          * Changes to Section 23221 of the Revenue code is where the
            prepayment of minimum tax was eliminated.


       For more information on taxes, visit www.ftb.ca.gov