Can Utah LLC can be used for purchasing property in California?

Question

If you have LLC that was created in Utah. I am in the process of purchasing property in California. Do I need new California LLC?

Basit Siddiqi · Answer

What was the purpose of forming the LLC in Utah?

Does the LLC have property or do business in Utah?

If you have your Utah LLC apply as a foreign LLC in California - you will still likely be paying annual Utah LLC fees with the secretary of state. You may also be paying for a Utah registered agent.

If the LLC is not doing business in Utah - you may want to consider dissolving the LLC and just creating a new entity in California.

Bob Okenwa · Answer

If you plan to have an LLC in California, you'd need to create a foreign LLC in California. http://www.sos.ca.gov/business-programs/business-entities/faqs/#form-question7

Sarah Chung · Answer

Thank you

Tobias Falzone · Answer

Yes, but be aware you will be charged the $800 per year Franchise Tax as a corporate entity doing business in California. If you hold it in your personal name or as a sole proprietorship/partnership, this tax will likely not apply to you.

Can Utah LLC can be used for purchasing property in California?

Can Utah LLC can be used for purchasing property in California?

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