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Updated about 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Bakersfield, CA
46
Votes |
161
Posts

Delaware LLC for a California business?

Account Closed
  • Investor
  • Bakersfield, CA
Posted

I've seen many companies incorporate an LLC in Delaware and operate in California locally. Is this a good thing to do for a Californian looking to own properties in California? Would we bypass the California LLC tax, just to pay the new out of state business tax?

Most Popular Reply

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122
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Makenzie Kelly
  • Investor
  • Livermore, CA
36
Votes |
122
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Makenzie Kelly
  • Investor
  • Livermore, CA
Replied

@Leo B., he means that if you have a Delaware LLC, and you want to open a California bank account or buy property in CA, you will need to get the certification letter showing you are doing business in CA. All of my companies that do biz in CA are California corporations. I have one overseas entity, but we do not do business in the US, and all of our board meetings are overseas on purpose.

Yes you will need a tax ID number for the bank account.  How else is the IRS, uncle Sam and every other entity going to track you down? ;-) It's pretty easy and can be done online. 

Here is the link: http://www.irs.gov/Businesses/Small-Businesses-&-S...)-Online

Also, once you get your LLC back in the mail, don't forget to file your Statement of Information. That can be done online too.

Good luck,

Makenzie

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