Thread: Buying an LLC
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Old 07-31-2020, 05:58 PM   #10
MYTraveler
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Quote:
Originally Posted by bligh View Post
I do need to buy the LLC. If I buy the LLC , then I avoid CA sales tax (8%).
Talk to a knowledgeable lawyer. It will not work, very likely you will get caught (though it may take a few years), no statute of limitations will protect you (since you will not have filed a return), so in addition to the tax (and I believe the rate is closer to 10%, but it does vary a little by county), you will have to pay penalties and interest.
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