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CA LLC Owned by Non-Residents

Asked by: Andy - 26 December, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Can we set up an CA llc with 5 partner's but non of them us reseident & do not have any fed ID or SS #
Answered by: Robert Kowalski - 27 December, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c Andy,

In short the answer is yes, you do not need to be a US citizen and have an SSN to own membership in an LLC (provided the LLC is not elected to be taxed as S-Corporation).

Of course, the question you should ask yourself is whether California is the best choice of formation state for your LLC. This depends on the nature of your future business and other parameters, and you should discuss your options with a corporate attorney and/or an accountant.

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