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Updated 12 months ago on . Most recent reply presented by

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Michael Ratterman
  • Member since Sep 3, 2020
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Michael Ratterman's profile image
Michael Ratterman's profile image
Michael Ratterman
  • Member since Sep 3, 2020
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Michael Ratterman
3
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6
Posts
Tax, SDIRAs & Cost Segregation

Florida Resident owns one property in California. Do I need a California LLC?

Michael Ratterman
Posted

Hi,

I have one property I am renting out in California which I need to put into an LLC. Is there any way of having that property owned by an out of state LLC and not paying the franchise tax for just one property? I do not intend to live nor purchase any more property in the state of California.

Thanks!

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