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Franchise Tax Board Annual Report

franchise tax
a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state
Franchise tax is a tax charged by some US states to corporations with a nexus (aka a filing obligation) with those states. The common feature of a state's franchise tax is that it is not based on income. Rather, the typical franchise tax calculation centers around the "net worth" of the taxpayer.
A tax or fee usually levied annually upon a corporation, limited liability company or similar business entity for the right to exist or do business in a particular state.

annual report
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.
(Annual Reports) A report submitted annually by the applicant within 60 days of the anniversary date of U.S. approval of the application.
(2.1.3. Annual reports) The third way of data collection method was through annual reports. However, it was not possible to obtain reports for three libraries from the sample.

board
The stage of a theater
get on board of (trains, buses, ships, aircraft, etc.)
a committee having supervisory powers; "the board has seven members"
A long, thin, flat piece of wood or other hard material, used for floors or other building purposes
a stout length of sawn timber; made in a wide variety of sizes and used for many purposes
A thin, flat, rectangular piece of wood or other stiff material used for various purposes, in particular

Annual Report Cover Design Annual Report
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