California Court of Appeal

ResetAA Font size: Print

Swart Enterprises v. Franchise Tax Bd., 070922

In a case dealing with the issue of whether California's franchise tax applies to an out-of-state corporation whose sole connection with California is a 0.2 percent ownership interest in a manager-managed California limited liability company (LLC) investment fund, the trial court's judgment is affirmed where passively holding a 0.2 percent ownership interest, with no right of control over the business affairs of the LLC, does not constitute 'doing business' in California within the meaning of Rev. & Tax. Code section 23101.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2017/01/12

Judges

  • PENA

Court

  • California Court of Appeal

Counsel


FindLaw Career Center


      Post a Job  |  View More Jobs

    View More