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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Franchise tax for LLC Posted by randyOC on March 09, 2010 at 4:59 PM In Reply to: Franchise tax for LLC posted by Joanna M on February 24, 2010 at 2:33 PM : I noticed many investors use LLC for rentals. Is it all right to incorporate in Nevada or other states to avoid the $800 minimum franchise tax for LLC and corporations. I wonder if CA is OK with rental incomes generated from CA properties under a NV company. : Your advice is highly appreciated. : Joanna Question for the board. If she is managing the rentals herself, would she really be getting any protection from an LLC? In any lawsuit for damages, wouldn't she be named personally in addition to the LLC? Thanks for any comments. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I noticed many investors use LLC for rentals. Is it all right to incorporate in Nevada or other states to avoid the $800 minimum franchise tax for LLC and corporations. I wonder if CA is OK with rental incomes generated from CA properties under a NV company. : : Your advice is highly appreciated. : : Joanna : Question for the board. : If she is managing the rentals herself, would she really be getting any protection from an LLC? In any lawsuit for damages, wouldn't she be named personally in addition to the LLC? : Thanks for any comments. [ 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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