Case Law Summaries

California - Franchise Tax Liability

Swart Enterprise, Inc. v. Franchise Tax Board, 2017 Cal. App. LEXIS 21 (1/12/17). The California Court of Appeal held that an Iowa corporation that made a small investment (0.2 percent) in a California manager-managed LLC was not doing business in California for franchise tax purposes and was not required to file a corporate franchise tax return and pay the minimum franchise tax.  

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