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Updated about 9 years ago on . Most recent reply

Jeb Brilliant's profile image
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Jeb Brilliant
  • Rental Property Investor
  • from Long Beach, CA
  • Member since Apr 9, 2015
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Jeb Brilliant's profile image
Jeb Brilliant's profile image
Jeb Brilliant
  • Rental Property Investor
  • from Long Beach, CA
  • Member since Apr 9, 2015
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Jeb Brilliant
  • Rental Property Investor
  • Long Beach, CA
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Goals, Business Plans & Entities

What state do I open my LLC if investing out of state?Ca resident

Jeb Brilliant
  • Rental Property Investor
  • Long Beach, CA
Posted

Hi All,

I need some input here. I need to open an LLC so I can get a business loan, seems simple enough but I'm investing out of state. I live in California and currently have rentals in Indianapolis. Do I open my business in California, a state that is more friendly to small businesses like Nevada/Florida/Delaware or Indiana?

I'll take any input you have but I know I will ultimately have to run it by a lawyer, so if you're a lawyer that specializes in this stuff can we chat???

Thanks in advance. 

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Mike D'Arrigo
  • Turn key provider
  • from San Jose, California
  • Member since Jul 13, 2010
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Mike D'Arrigo's profile image
Mike D'Arrigo
  • Turn key provider
  • from San Jose, California
  • Member since Jul 13, 2010
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied

If you file your LLC outside of CA you still have the privilege of paying $800/yr to the state of CA just for doing business in the state. Welcome to the Peoples Republic of California.

  • Mike D'Arrigo
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