Updated almost 4 years ago on . Most recent reply
Does it matter what state where you open an LLC for a flip?
Quick questions to experienced flippers:
1. Does one have to register an LLC here in CA for a flip in San Diego, CA?
2. If yes, does one have to pay the 850 franchise taxes for a flip on a property that is held for less than a year?
3. For a house that is flipped under an LLC, what happens to the LLC after that flip? Is there a minimum amount of time required before dissolving that LLC?



