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Updated about 3 years ago,

User Stats

14
Posts
3
Votes
Adam Kuszczak
3
Votes |
14
Posts

California franchise tax - obliged to disclose or not?

Adam Kuszczak
Posted

(asking for a friend)
Without saying by whom, but I was told that I am not legally obliged to disclose my out of state LLCs if I am resident of CA. This is part of reason for WY LLC that gives you anonymity so no one will find out you own, especially not CA state. That is how some solve a problem with $800 and how not to pay it.

After reading https://www.corporatesecuritie... I am confused. The California Revised Uniform Limited Liability Company Act from 2014 says you "may" register out of state LLC, but you also "may not" I guess.

Then it seems pretty standard to have nexus in WY or NV and have that holding LLC own other LLCs in other states. But then which LLCs do you register with CA... if only WY gives you anonymity.

Not seeking legal advice, just what people think, feel or have opinion about:D

Thanks



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