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Sadly - if any aspect of your business is conducted in California (e.g. you reside there) - that minimum $800++ is still owed - regardless of where it's incorpo
by basher 12y ago
Sadly - if any aspect of your business is conducted in California (e.g. you reside there) - that minimum $800++ is still owed - regardless of where it's incorporated.
- Alupis 12y agoIs that true even if you are an online-only business? As-in, you have no physical presence in CA except you (as an employee of your own company) happen to live here? I've honestly not looked into it any further -- for my side consulting gig which I do maybe once or twice a year, it's just not financially worth while to incorporate in CA... so, I go undocumented (which means I forfeit any protections an LLC or s-corp could provide me) and CA looses out on all taxes, biz license fees, and any other fees... instead of just some... really a lose-lose situation.
- LeBlanc 12y agoIt depends. The California Corporation Code states that merely residing in the state does not mean you are required to register as a foreign (out of state) LLC and pay the $800. If your LLC is registered elsewhere, and your business is 100% internet only and doesn't have any employees, property, etc in the state, then you are probably fine. Obviously talking to a real lawyer about your specific case is a good idea. Keep in mind though that you WILL still have to pay California income tax on whatever your share of the LLC's profits is. See 17708.03 10.c here: http://www.leginfo.ca.gov/cgi-bin/displaycode?section=corp&group=17001-18000&file=17708.01-17708.09 http://www.leginfo.ca.gov/cgi-bin/displaycode?section=corp&g...