Do I have to register an LLC in CA if I am only using it to own property?
I have a Nevada LLC that does nothing but owns my house, via a quit claim deed from me to the LLC.
I live in my house and am not a landlord renting the house out. Thus, the LLC is not doing any sort of business nor does it have any income. I simply put ownership of my house into the LLC for liability purposes.
Do I need to register my Nevada LLC in CA as a foreign LLC? If so, what happens if I do not? Will the FTB simply make me pay the $800 franchise tax? Or will the LLC somehow get invalidated?
I appreciate the help.
If the LLC is not doing any business, then you need not register it. You seem concerned about liabilities. Speak to counsel about your particular situation.