“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:
Internationalizing in Chile
A Story of Slavery in Modern America
The Whistleblower’s Guide to the Orwellian Galaxy: How to Leak to the Press
Grand Illusion: Social Security Is a Government Insurance Program
Free Staters Tell Concord Police: Tanks, But No Tanks
Is 'La Vie En Rose' Over For France?
Stop-and-Frisk: How Government Creates Problems, Then Makes Them Worse
Who Owns Congress? The NSA or the FED?
Competing currencies saved Zimbabwe from hyperinflationary collapse
Timing the Collapse: Ron Paul Says Watch the Petrodollar
Think Twice Before Accepting Bank Transfers For Online Payment
Who Was the Richest Person Ever?
20 Things 20-Year-Olds Don't Get
Your Trip on My Time Machine
Let Him Without a Plank in His Own Eye Cast the First Stone