Updated almost 4 years ago on . Most recent reply
California resident with WY parent CA sub LLCs
Fine with paying normal CA operating taxes and reg as long as it's once per year not two hits. No active business in WY. It's exclusively for holding purposes for anonymity. If I use this structure will I pay $800 fee for both? Either way will I ever have to name myself in CA on any public documents going forward. This will be manager managed and member managed, respectively with sole owner. What about after upgrade to WY S election for payroll? Income flows to WY LLC and I will cut payroll from that account, right? So how does yearly tax filing work with the double structure.
Most Popular Reply
Please read California Reg's/case law to determine what considered doing business in California means.
You may be giving incorrect advice.
- Basit Siddiqi
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