Foreign entity - Spidell

Foreign entity

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Message Board Foreign entity

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    • #305327
      Michael Sy
      Participant

      My client has a NV corporation, resides in CA.  Income does not come from CA.

      Can the client register the NV as a foreign entity and not pay $800?   Thank you.

    • #305333
      Lynn Freer
      Participant

      The only way that works is if the owner has NOTHING to do with the business, including being on the BOD or working anywhere except NV. See Daniel V Inc. v. Franchise Tax Board (2013) Los Angeles County Superior Court, Case No. BC 457301

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