Wyoming Holding Company with CA and TX operating companies

[Alle Wong]

Hi, I have a holding company in Wyoming, that own real estate in CA and TX. The Holding Company has subsidiaries LLCs that manage/operate the properties in those states. I reside in California. Do I have to pay $800 x 3 or only for the CA LLC?

[Michael Plaks]

Quote from @Eric Williams:

Quote from @Alle Wong:

Hi, I have a holding company in Wyoming, that own real estate in CA and TX. The Holding Company has subsidiaries LLCs that manage/operate the properties in those states. I reside in California. Do I have to pay $800 x 3 or only for the CA LLC?

 Where were the subsidiaries' articles of organization filed?

If one of them was organized in TX you may have a Texas Franchise Tax due (is that right Michael?).

The question was about her responsibilities to CA.

But yes, the TX subsidiary LLC will need to file an annual Franchise tax report and Public Information report with the TX Comptroller, which is an annoying formality but at least is free for most landlords, unlike CA taxation.