Answers

NV LLC with CA liabilities?

Asked by: Jackie M  — 25 September, 2011

If you have a NV LLC with a bank account in CA does this mean I’m liable for CA state taxes?

Answered by: admin  — 25 September, 2011

Jackie,

Usually keeping a bank account in another state does not necessarily mean that the company has “nexus” in that state. With that being said, California is known for its aggressive approach to “nexus”, therefore they might consider having a bank account as sufficient to establish nexus.

I would suggest you to read this answer by Robert, where he touches the subject of nexus: Business between two LLCs

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message