
“Note that the FTB’s determination of when an out-of-state LLC must file tax returns is in contrast with the California Corporations Code. Under the California Corporations Code, any entity that ‘actively engages in any transaction in California for the purpose of financial gain or profit’ must register with the Secretary of State. But an out-of-state corporation is not considered to be transacting business in California merely because it is a member or a manager of a domestic or out-of-state LLC [..]. Moreover, the new California Revised Uniform Limited Liability Company Act of January 1, 2014 provides that an out-of-state LLC ‘may’ register in California and does not impose penalties for failing to do so.”
Related posts:
'Production Versus Plunder' Part 19: Life in the New Empire
Michael Hastings' Final Article Before Car Explosion: 'Why Democrats Love To Spy On Americans'
Eleanor Roosevelt’s Snippy Letter to Dorothy Day [2011]
Gold: It’s Time to Buy
Bitcoin Is Not Surging, 'Going Ballistic' Or 'Going On An Astronomical Tear'
Bill Bonner: What Is the Point of Government?
Ed Flynn: Milwaukee Crime Lord, Citizen Disarmament Advocate
Could They Really Take Away Your Citizenship?
Race to the Bottom: Injuring the Real Economy with Paper "Wealth"
The Selfishness of Virtue
Hubris Isn't the Half of It
The Government’s Us? Not Last Time I Checked
A Thanksgiving for JFK
Why a Police State?
Making the Victim Pay for the Bullet