4 ms·
If you live in CA you're required to file as a foreign corporate entity, and still pay the $800 in taxes. You can't open a bank account in a CA bank without pro
by zhobbs 9y ago
If you live in CA you're required to file as a foreign corporate entity, and still pay the $800 in taxes. You can't open a bank account in a CA bank without proving that you've made that filing regardless of where the corp was registered.
- wolco 9y agoI could be wrong but one could open a bank account in a different state. In this case he formed a business but did not make a profit or sale or employ anyone for 6 years. It doesn't make sense to form an llc unless you require it. Start smaller.
- BinaryIdiot 9y agoIf you live in CA and are operating your business in CA, you're probably going to have a hard time arguing you don't have to pay CA tax.
- chaosite 9y agoRight, but the point is that he isn't operating a business at all, seeing as there's no product nor sales. So what does he have? Maybe he doesn't need an LLC at all right now.
- mark212 9y agoThat is not true. I speak from personal experience of less than a year ago, with a gigantic international bank.