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Updated over 5 years ago,
CA Partnership with manager managed WY LLC
As a CA Partnership we file a 1065 in CA. We are now looking to open a manager managed WY LLC for privacy and liability protection for property investing out of state. Can we make the WY LLC a disregarded entity and flow thru to our CA Partnership for tax purposes? Or do we still have to file the WY LLC as a nonresident for California tax requirements? The manager would be the registered agent for WY LLC. with bank account and business address in WY. I get different answers from CPAs and Attorneys.