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    O Frabjous Day! Court Holds Passive Member Is Not "Doing Business"

    The State of California imposes its franchise tax on every corporation (other than a bank, financial corporation or exempt corporation) that is "doing business" in California.  Cal. Rev. & Tax Code § 23151.  This tax is imposed without regard to...

    Limited Liability Companies, llc, doing business, Franchise Tax, FTB, member, Section 23151, Swart