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Updated almost 8 years ago on . Most recent reply presented by

Liz C.'s profile image
Liz C.'s profile image
Liz C.
  • Property Manager
  • from New York, NY
  • Member since Jul 9, 2016
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Liz C.'s profile image
Liz C.'s profile image
Liz C.
  • Property Manager
  • from New York, NY
  • Member since Jul 9, 2016
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Liz C.
  • Property Manager
  • New York, NY
90
Votes |
388
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Tax, SDIRAs & Cost Segregation

California $800 per year per LLC? Even those LLC not in CS

Liz C.
  • Property Manager
  • New York, NY
Posted
Hi all, I have about 11 LLC between New York and New Jersey . Planning move from New York to California , I was somewhere no matter where I own LLC and it's property I have to pay $800 per year if I become California resident. I am shocked , does this mean if I move there I have to pay almost 10k per year to California state? Thank you!
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Hey.they need the money to fund the retirements of public servants--here to HELP you! Don't begrudge them their cut! 

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