The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: California LLC Tax Implications||Date: 12/31/2012 8:24 AM|
|Author: bacon||Number: 117257 of 121323|
I may be investing/taking a partnership role in an LLC whose principle place of business is California and which is registered in Delaware. I'm a Texas citizen.
The company is not now a sole proprietorship; they have three partners already. I'm still working on their Fed tax filing election.
For what tax ramifications should I be alert from a partnership perspective?
What other questions should I be asking (you can see my ignorance on the subject)? What pubs should I be reading?
Might there be a better relationship to establish from a purely tax perspective (assuming the investment perspectives are a wash)?
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