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ForumsArrowCalifornia Real Estate Q&A Discussion ForumArrowCan Utah LLC can be used for purchasing property in California?
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Can Utah LLC can be used for purchasing property in California?

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  • Posts 5
  • Votes 0

Sarah Chung
from Burlingame, California

posted over 3 years ago

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?

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  • Posts 2.0K
  • Votes 1.7K

Bob Okenwa
Real Estate Agent/Investor from Peoria, Arizona

replied over 3 years ago

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

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  • Posts 126
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Tobias Falzone
Real Estate Agent from Folsom, CA

replied over 3 years ago

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.

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  • Posts 5
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Sarah Chung
from Burlingame, California

replied over 3 years ago

Thank you

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Rentals, Single Family, and Residential
  • Posts 4.6K
  • Votes 1.9K

Basit Siddiqi
Accountant from New York, NY

replied over 3 years ago

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.

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