How can California real estate investors save money on franchise taxes each year?
If you’re a California resident who owns real estate out of state, California has taken the position that it can tax each of those entities as if it’s doing business in the state. In doing so, many Californians have been discouraged from creating entities due to the $800 fee for each LLC.
WATCH THIS VIDEO as I discuss what you can do to avoid the dreaded franchise tax for California residents.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.