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Updated 9 months ago,
Advice for Entity formation (Reside in CA, investing out of state)
I'm looking to better understand how folks who live in CA structure their investment entities that are out of state. I'm looking at some investments in OH and will create a LLC there to own the property, but I can't quite figure out how (or IF) I can avoid registering the entity (as a foreign entity) in CA, where I reside. If I'm required to do that (which I think I may be) I'm going to have to pay $800 state franchise tax every year, for each LLC. There has to be a better way. Any input would be appreciated. Thanks