My sister, brother and I (who live in California) want to invest our money in Arizona real estate. We would like to hold the property in an LLC for liability reasons, and we would really like that LLC to be registered with another state, since CA has a minimum tax of $800 / year, which is a significant amount considering we're seeding the company with only $30K to begin with.
We're having a hard time figuring out if it's even possible to avoid that $800 fee by registering the company out of state. We can only find bits and pieces of information in articles around the web, some of which hint that it's possible, while some say that if you live in California and own a business (anywhere), they will come after you for the $800 fee. Does anyone have any experience with this, and can either fill me in on how you went about it or point me to a good informational source? Thanks!