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Updated almost 2 years ago,
CA Annual Franchise Tax for multiple out of state LLC's set-up
I browsed several posts about taxation on out of state LLC's set-upsin CA, but didn'tt find the exact answer I was looking for...
Can someone shed some insight?
How does the CA Franchise tax board view ownership of multiple LLC's structured for asset protection?
SPECIFIC EXAMPLE:
- CA resident has 3 LLC's; 2 in FL and one in WY
- each FL LLC (single member, manager managed) own separate a property
- the WY LLC (single member, manager managed) in turn owns both FL LLC's
- the CA resident owns the WY LLC (single member, manager managed)
- The CA resident does NOT own the FL LLC's, only the WY LLC
- All LLC's are set up as disregarded single member and manager managed
Can the CA resident register ONLY the WY LLC in CA as a foreign LLC and pay $800 annual Franchise Tax?
or does the CA resident need to register the WY LLC and BOTH FL LLC's also? paying a total of $2,400 annually? $800 for each LLC?