Section 24408.

Cal. Revenue and Taxation Code - RTC § 24408.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The term “organizational expenditures” means any expenditure that meets all of the following requirements: (a) Is incident to the creation of the corporation. (b) Is chargeable to capital account. (c) Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements