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I'm setting up a US sub of a foreign company to market apps and we decided that the best way to go was to incorporate because of liability, fund-raising and other issues rather then a LLC or Partnership. We're going to incorporate in California so will there be any unitary tax consequence and issues with having the owner be the parent company? Thanks in advance.

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so will there be any unitary tax consequence and issues with having the owner be the parent company?

Yes, there might be. I suggest getting a proper legal and tax advice from a competent person in that area. If there's no particular reason to incorporate in CA, I suggest it would probably be better for you to incorporate in another state.

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