Updated over 8 years ago on . Most recent reply
LLC in California
We are getting ready to set up our LLC and are wondering if anyone from California has opened one in another state to get around the large yearly tax of $800 in our lovely state. We have been advised by an attorney to open the LLC in the state where you will be conducting business and we want to be on the up and up.
We will continue to live here, though most of our SFH's and investments will be out of state.
Any creative ideas are appreciated.
Most Popular Reply
Craig .. as far as I understand if you live in CA and you manage your LLC in a different state, you still have to pay CA LLC.
There is much info on this topic on BP. I didn't find any way around this yet (if you do, let me know). You will end up paying CA LLC tax every year