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Texas LLC, CA LLC Tax?
Anyone know offhand if a CA resident is one of two shareholders of a Texas LLC holding Texas commercial property, does the CA resident incur the minimum $800 CA LLC tax fee? It is expected to show a tax loss.
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As long as they are 100% passive and do not spend time voting or are involved in ultimate business decisions it should not be subject to the Franchise tax. https://www.ftb.ca.gov/businesses/Doing-Business-in-California.shtml