NV Series LLC owning property in CA
Asked by: Brad - 6 June, 2012
Can a sub LLC of a series LLC in Nevada own property in California with out paying the franchise fee?
Can a sub LLC of a series LLC in Nevada own property in California with out paying the franchise fee?
Answered by: Roman Fichman, Esq. - 9 June, 2012
Brad,
This area of law a bit murky. Generally speaking, if the property is a rental property then you would have to register in CA. However, if its not then there is a difference of opinion among practitioners and the CA DOS. As such, to be on the safe side it would be prudent to register foreign company in CA.
Brad,This area of law a bit murky. Generally speaking, if the property is a rental property then you would have to register in CA. However, if its not then there is a difference of opinion among practitioners and the CA DOS. As such, to be on the safe side it would be prudent to register foreign company in CA.
