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Updated over 4 years ago on . Most recent reply

Jimmy Chao's profile image
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Jimmy Chao
  • Investor
  • from Los Angeles, CA
  • Member since Dec 30, 2019
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Jimmy Chao's profile image
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Jimmy Chao
  • Investor
  • from Los Angeles, CA
  • Member since Dec 30, 2019
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Jimmy Chao
  • Investor
  • Los Angeles, CA
91
Votes |
131
Posts
General Landlording & Rental Properties

Any way to avoid CA LLC franchise fee?

Jimmy Chao
  • Investor
  • Los Angeles, CA
Posted

For all the california investors out there that invest out of state, do you guys hold properties in llcs? If so, have you found any way around paying franchise tax fee?

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Jimmy Chao's profile image
Jimmy Chao's profile image
Jimmy Chao
  • Investor
  • from Los Angeles, CA
  • Member since Dec 30, 2019
Connect

User Stats

131
Posts
91
Votes
Jimmy Chao's profile image
Jimmy Chao's profile image
Jimmy Chao
  • Investor
  • from Los Angeles, CA
  • Member since Dec 30, 2019
Connect
Jimmy Chao
  • Investor
  • Los Angeles, CA
91
Votes |
131
Posts
Jimmy Chao
  • Investor
  • Los Angeles, CA
Replied

@Ali Boone @Charlesa F.

Just confirmed with my accountant that there's no way out of this. I already have umbrella policy for my current rentals, but was just wondering. Thank you guys!

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