Nevada LLC (Real Estate)- members live in California - Spidell

Nevada LLC (Real Estate)- members live in California

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Message Board Nevada LLC (Real Estate)- members live in California

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    • #197958
      Anonymous
      Member

      FACTS:

      LLC in Nevada (about to be created) – real estate activity, two (the only) LLC members reside in California.

      QUESTION:

      Does the NV LLC need to register as a foreign entity in California because  managing members (two and only) reside and operate from California?

      Or, is  it better to hire a managing  company to manage properties to avoid California registration and pay $800?

      Thank you!

       

    • #198176
      Lynn Freer
      Participant

      If the members are CA residents no matter what, the LLC is doing business in CA and must register and pay the fee.

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