Does a single member llc that is wholly owned by a pension or annuity plan have to file a return? Are they subject to CA’s LLC fee?
– Rebecca, California
I have never encountered an LLC wholly owned by an annuity, so I’m not sure how to answer your question.
As to your second question, about California’s LLC fee…..have you ever known California not to attempt to collect on a tax? Even one as constitutionally sketchy as their corporate franchise tax.
It’s terrible to say, but California is about the most anti-business state in the union. This isn’t a political website, but I am honestly baffled by the anti-business stance in that state. And then they wonder why jobs are fleeing and tax revenues cratering.
Move to Nevada 🙂