I recently submitted paperwork to form a LLC in California. About a week after submitting my paper work, I came across this post:
One of the repliers to the post, taxmama-ga , suggested the following:
"You could form two LLCs or S-Corps in Nevada. Set up a general partnership (GP) in California (no minimum fees). Make the partners be the two LLCs or S-Corps (since a partnership must include two or more entities). Run the whole business through the California GP. You will have no State of California taxes."
Has anyone heard of something like this? Should I instead look to do something like this in the future?