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Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55134
Experience:  29 years of experience as a tax, real estate, and business attorney.
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If I form a single member Missouri LLC and its only purpose

Resolved Question:

If I form a single member Missouri LLC and its only purpose is to own 95% of the interest in a CA LLC, do I need to pay $800 franchise tax to the CA FTB for the Missouri LLC?
Submitted: 6 years ago.
Category: Tax
Expert:  Richard replied 6 years ago.

Good afternoon. No, you do not, because the LLC is not actively operating in CA and does not need to register to do business there.

 

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

 

Customer: replied 6 years ago.
How about if the foreign LLC owns real estate in CA and contract another independent property management company to manage the properties?
Expert:  Richard replied 6 years ago.
If you own rental real estate in CA and contract a property management company to manage the properties, you are going to be doing business in CA and be subject to the tax.
Richard and other Tax Specialists are ready to help you