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Updated about 3 years ago,
Ohio LLC pays California LLC annual fees???
I live in California and I have some properties in Columbus, OH. I was thinking about creating an LLC in Ohio for future purchases since their annual fees are low. My new CPA is telling me that I'd also have to register that LLC in CA and pay the $800 yearly fee because I live here. That's the first I had heard of that. Anyone living in CA have LLCs in other states? My bank account for my rental properties isn't in California and I don't take any payouts from it but my address is on the bank account. I'll speak to an attorney about it but wanted to ask here first. Here is a link my CPA provided about the rule.