My LLC originated in Arizona, I live in Nevada, and have a rental in California. I don't have any business dealings in Arizona, or have a residence in Arizona.
What would be the best way to deal with this situation financially, and be within the laws of each state.
So is the LLC purely for holding the one rental property in CA? Is that it? I think the LLC is doing business in CA, so it needs to be a CA qualified entity. You could setup a CA entity and transfer the assets from the Arizona LLC to the CA LLC and then dissolve the Arizona entity.
The best way to accomplish this requires more facts than provided, but this may work. Get legal and accounting advice.
This answer is for informational purposes only and is not legal advice regarding your question and does not establish an attorney-client relationship.
I would need a little bit more information to be able to answer your question. Is the purpose of your LLC simply to hold the rental property in California? I am barred in both Nevada and California so I may be able to help answer your question, but can't help you without a little bit more information as to what the purpose of the LLC is.
Kersey & Sabawi, PC
5703 Oberlin Dr.
San Diego, CA 92121
You either need to qualify your Arizona LLC as a "foreign" entitty doing busiess in California with the California Secretary of State or transfer the property to a newly formed California entity.
The above is general legal and business analysis. It is not "legal advise" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also avvo.com terms and conditions item 9, incorporated as if it was reprinted here.
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