Posts Tagged ‘foreign llc’
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 MoreOut-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 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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