Hi All,

I am a resident of California, already have an LLC with my partner and already pay the franchise tax $800 a year. That LLC is a holding company, we also want to be doing flips. My CPA said the way to do this is to form a C-corp that is registered in the state of OH, get a 21% tax on profits, then only have the CA qualified LLC send/receive money to the C-corp via low interest loans.

I am looking for the best entity structure to enable me to do the flips protected and having best tax benefits without having to pay CA twice.

Thanks,

Paul