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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I'd look at title holding trusts instead.. Posted by Ward-CA- on May 29, 2002 at 4:40 PM In Reply to: Nevada Corporation posted by Bob on May 29, 2002 at 2:23 PM : Dear Ward, : I am considering starting a Nevada Corporation to take title to my properties so I don't have to pay the 800.00 yearly for California. Can you tell about any pros or cons for this idea. : Thanks for your time in the help of others like myself. : Bob ================ I don't think it will work. If your foreign corporation does any business in CA it will still have to pay the $800.00 per year to CA Bd. of Equalization. By having your NV corp. take title to CA. real property I think you'd be judged as doing business in CA. So you might think of using title holding trusts to hold title to your CA properties. Trusts don't pay the $800 fee. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Dear Ward, : : I am considering starting a Nevada Corporation to take title to my properties so I don't have to pay the 800.00 yearly for California. Can you tell about any pros or cons for this idea. : : Thanks for your time in the help of others like myself. : : Bob : ================ : I don't think it will work. If your foreign corporation does any business in CA it will still have to pay the $800.00 per year to CA Bd. of Equalization. By having your NV corp. take title to CA. real property I think you'd be judged as doing business in CA. : So you might think of using title holding trusts to hold title to your CA properties. Trusts don't pay the $800 fee. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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