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Updated over 7 years ago,
Setting up your own LLC or having an attorney do it for you?
So I know the type of entity structure I want. I want to open an LLC in a state that has good asset protection (NV) and do business in the state in living in, FL. Now I plan on opening a separate LLC (or 2) in FL, one for buy and hold and one for flips. I've consulted with multiple attorneys, most of which either had no idea what Im talking about or weren't comfortable/familiar with the process. So my question is this, do I run any greater risk in just going to the NV website and setting up an LLC, then going on FL site and setting up another and listing the NV LLC as the owner?
Follow up, is there a way to do this so I only have 1 tax return instead of 3?
Thanks BP!