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Updated over 3 years ago on . Most recent reply

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Donna Williams
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12
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California resident with WY parent CA sub LLCs

Donna Williams
Posted

Fine with paying normal CA operating taxes and reg as long as it's once per year not two hits. No active business in WY. It's exclusively for holding purposes for anonymity. If I use this structure will I pay $800 fee for both? Either way will I ever have to name myself in CA on any public documents going forward. This will be manager managed and member managed, respectively with sole owner. What about after upgrade to WY S election for payroll? Income flows to WY LLC and I will cut payroll from that account, right? So how does yearly tax filing work with the double structure.

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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
3,695
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8,153
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied
Originally posted by @Bobby Stener:

@Donna Williams. That structure will work and you will not pay the 800 for in ca as long as you are not doing business in ca. Just make sure you don’t do business in ca with that wy llc. A similar structure would use wy as the child llc and have a Corp as management co doing business in ca.

Please read California Reg's/case law to determine what considered doing business in California means. 
You may be giving incorrect advice.

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Basit Siddiqi CPA
4.9 stars
78 Reviews

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