You do have to report to California each year using California Franchise Tax Board Form 3840. 

I had same opportunity, but didn't take it as the floor commercial will be the main source of income , it was too small for any popular to lease it , and franchises makes 60% percent of all businesses

Just ran into Stinson properties kiosk at a Franchise Show.

(The same thing can be accomplished with a different type of trust to keep your name anonymous for the actual LLC, also.)The OP of the thread would still need to deal with the franchise tax from CA, there are other strategies to work around that fee while still keeping your assets protected.

Anyone focusing their efforts on foreclosures is probably also saving up money to buy a Blockbuster Video franchise.

In California, the state Franchise Tax Board treats each series as a separate entity for tax and filing purposes.https://www.ftb.ca.gov/businesses/structures/serie...California is very aggressive in its position that California residents who have out of state entities need to register their foreign entities in state.

The sales and marketing process is pretty much the same, requiring the same time and effort to get contracts signed and negotiated, etc.Don't forget, the agent likely has to pay a sizable chunk of that $1500 to his broker and possibly franchise and marketing fees - not to mention E&O and his own overhead.

I'm not sure this space is well suited for a franchised restaurant.

Currently we have two properties (one rented one we are fixing and living in) and we are interested in starting the process to franchise a quick service restaurant.

Currently we have two properties (one rented, one we are fixing and living in) and we are interested in starting the process to franchise a quick service restaurant.