California FTB charges residents $800 per LLC even if they are incorporated out of state. I've heard Delaware statutory trusts is one way to get around that fee. Any other options that investors have used? I can't imagine California investors paying $800 per llc annually. Any advice would be greatly appreciated.
@Matthew Cain The price we pay for this nice weather...
@Matthew Cain , I can imagine it, and I do pay on 8 llc's currently. When you're starting out, trying to get around it is more hassle then it's worth imho - the money either goes to an attorney or some other person to help you out. If you're going to register out of state, it's more for the liability/privacy issues - not to avoid the annual fee.
@Robert C. my issue is that my properties are in AZ. The LLC's would be AZ LLC's. But since I live in CA, I still pay CA annual fees.
Did you ever setup an asset protection structure for you AZ rentals? I'm in the same situation being a CA investor having properties out of state, and hence subject the FTB $800 annual fee.
Bumping this thread, as I'm in a similar boat. Anyone have updates to share, TIA!!!
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