Posts Tagged ‘“Doing Business”’
Out-of-State Partnership Required to File in California because of Pass-Through Income
LCP VII Holdings LP was a foreign partnership with interests in entities both inside and outside of the United States, and it had California-source income from pass-through entities. It did not file tax returns in California on the basis it was not doing business in California. After the Franchise Tax Board (FTB) sent the partnership…
Read MoreOwnership of Passive LLC Interest in Manager-Managed LLC Not “Doing Business” in California
The following is the text of an e-bulletin that I authored and that was published by the Corporations Committee of the Business Law Section of the State Bar of California. In Swart Enterprises, Inc. v. Franchise Tax Board  (Jan. 12, 2017), a California court of appeal held that an out-of-state corporation whose sole connection with…
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