Q: In California. If an out of state LLC buys a mobile home in California, does the LLC have any obligation to ..?
to register as a foreign corporation in California and file an annual return and pay the annual $800 foreign corp fee? The home would not be rented but lived in by the LLC manager.
Depends. More information is required. As a very generalized response...If the manager is domiciled in CA
and is conducting the business of the LLC then the LLC would be required to register, file returns
and be subject to the fees.
It is highly recommended you contact a CA tax attorney to have your specific situation evaluated.
DISCLAIMER: information provided is general in nature and not intended as advice nor shall it
imply or create any type of attorney/client relationship.
A: A California LLC is required to file tax return and pay the annual required fee, among other things, regardless of any business activity. You may reconsider putting the property in an LLC if those costs are not worth the benefits. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is intended for solicitation purposes. For specific advice, please consult an appropriate attorney in person. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA, MS, MBA.
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