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Updated about 5 years ago on . Most recent reply

User Stats

446
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197
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Marco G.
  • Investor
  • Dallas, TX
197
Votes |
446
Posts

Texas LLC, CA LLC Tax?

Marco G.
  • Investor
  • Dallas, TX
Posted
Anyone know offhand if a CA resident is one of two shareholders of a Texas LLC holding Texas commercial property, does the CA resident incur the minimum $800 CA LLC tax fee? It is expected to show a tax loss.

Most Popular Reply

User Stats

5,271
Posts
2,325
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Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
2,325
Votes |
5,271
Posts
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied
Originally posted by @Marco G.:

CA member (thanks @Logan Allec, you’re right!) would be passive. Other member would be boots on the ground and responsibile. It’s a single tenant with existing business lessee. @Basit Siddiqi @Steven Hamilton II  

Thanks for your responses. 

 As long as they are 100% passive and do not spend time voting or are involved in ultimate business decisions it should not be subject to the Franchise tax. https://www.ftb.ca.gov/businesses/Doing-Business-in-California.shtml

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
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