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    mrdld's Avatar
    mrdld Posts: 1, Reputation: 1
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    #1

    Jan 14, 2009, 11:13 AM
    In which State should I form my LLC
    I am going to form an LLC in order to raise capital to fund a feature film. I reside in California. The money is going to be raised through a PPM in the West Virginia area (monies raised to be placed in an escrow account in a West Virginia bank?). The film is going to be shot entirely in West Virginia (all of production). Post -production will probably be in CA. Do I need to form the initial LLC in CA and then file as a foreign LLC in WV? Or should I do just the opposite? (file in CA when post production occurs). Is there any benefit to forming my LLC in say Nevada to avoid the high taxes of both CA & WV (e.g.- CA has a minimum franchise tax of $800).
    Thanks,
    mrdld
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 14, 2009, 03:15 PM
    This is an exceptionally complex business tax issue which requires specialized knowledge of corporate tax law.

    You should be getting professional tax advice on this issue and NOT try to get it from a free forum like this one.
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