Setting up new LLC - Wyoming or CA- Regular or Disregarded

[Abhinav Mittal]

Hi All,

I am just getting started and setting up the LLC. I just came from a seminar and got the advise to set up a LLC in Wyoming because fee is less as well as it provides better protection. They also recommended to set it up as disregarded LLC such that taxes flow directly to your personal; this CA FTB never find out about the Wyoming LLC. I am not sure how all this works out and be great to get some advise.

Thanks a lot.

Abhinav