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Updated about 1 year ago, 12/20/2023
California LLC question
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC "doing business" in CA, but believe that if I do not have CA "payroll" of greater than $69k(approx), then this would not apply and therefore no fee. Am I interpreting this correctly?
CA details in question:
https://www.ftb.ca.gov/file/business/doing-business-in-calif...