AZ 2 member LLC doing business in CA.
I have a 2 member LLC (AZ) doing business in CA. So far they have opted to be treated as a ptshp but still have time to make an entity choice filing to be treated as a sub S corp.
If they do the latter (file paperwork with the IRS to be treated as a sub S), would they register with the Sec of State as a foreign LLC doing business in CA or as a foreign corp doing business in CA? Does the federal election automatically transfer to the state?
What non-resident tax return to file?
Also, I am trying to weigh the min franchise tax plus the LLC gross receipt tax against the corp min franchise tax and the CA sub S tax! All the while keeping in mind the SS Tax (or not on some of the income) at the federal level if they go with the sub S and put themselves on a payroll. Any suggestions? Thanks!!
