Posts Tagged ‘foreign corporation’
Is Your Out of State LLC Doing Business in California? Here’s What to Know
What if a corporation or a limited liability company (LLC) is formed in another state, like Delaware or Nevada, but does business in California? The out of state LLC doing business in California (a “foreign” business entity) must register with the state, file tax returns, and (most important to the state) pay taxes to California.…
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…
Read MoreForming an Out-of-State Entity To Do Business in California
Sometimes the owner of a business in California believes that forming a business entity (such as a corporation or limited liability company) to do business in California is best done under Delaware law or Nevada law. While this may at times be a good idea, more often it is a misguided notion, brought about by…
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