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If I form a single member Missouri LLC and its only purpose

Customer Question
is to own 95% of...
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
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Answered in 6 minutes by:
5/2/2011
Tax Professional: Richard, Tax Attorney replied 6 years ago
Richard
Richard, Tax Attorney
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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.

 

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Customer reply 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?
Tax Professional: Richard, Tax Attorney 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.
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