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Information Sheet Delaware

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okay so in this video i wanted to cover some circumstances and what are the rules where you might have a delaware llc that is subject to taxes state income taxes in california right so delaware llc is a limited liability company formed under delaware law and that's a really important distinction because there's a lot of entities that are registered to do business in variety of states but the core issue is always where was it initially set up so in the example we're going to be going through here we have an llc that was formed under delaware statute so that is where it was initially created now generally the baseline rule is a delaware llc or any llc for that matter and its owners are generally not going to be subject to tax in california unless the llc is engaged in business within the state or you might have the owners of the company are living and working within the state and there's so and so there might be some indirect state income tax exposure ther

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