b'Californiaregularlychecksthelistsofregisteredcompaniesagainst companies with bank accounts in its state. If there is a disconnect, they will send a letter informing you that you must register in California, perhaps charging you a fine of up to $5,000 for not registering voluntarily, and requesting that you pay past franchise taxes for all of the years your out-of-state company has been in operation. Note, however, if you are buying property in California, you cant avoid forming or registering your entity in California.To set up a bank account in a state other than where you live, you will need to speak directly to a branch in the state where your entity is formed. If you use a national bank, you may be able to set up the account online, but haveyouridentificationverifiedandsignsignaturecardsatyourlocal branch. Or you may be able to use an online bank for this purpose. Read Chapter 24 on Where to Form Your Entities before you make this decision.279'