Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

37
Posts
6
Votes
David Carbajal
  • Developer
  • Chino, CA
6
Votes |
37
Posts

Company LLC / dba - Structure

David Carbajal
  • Developer
  • Chino, CA
Posted

Hello,

I am a newbie here... I have been studying for a few months now, and am ready to form my LLC for my Land Investment company.

I have a few questions that I am hoping you can  help me with:

1.  I will be conducting most of my business in California.  However, there could be potential opportunities in other states.... 

a. Should I create my LLC in California? And if/when the expansion to other states comes around, file as a foreign LLC?

b. Should I consider forming the LLC in Delaware or Nevada?

i. "Many people choose to form an LLC in Delaware because of its history, experience, popularity and pro-business climate. Nevada has also gained popularity due to its pro-business environment and lack of a formal information-sharing agreement with the IRS. Nevada does not have corporate income taxes, and Delaware does not tax out-of-state income. Business filings in these states can usually be performed more quickly than in other states." --- From Legalzoom ---

2. I plan to run the buying "arm" (land acquisition) of my business under a dba.

a) the selling "arm" will be under the LLC I create. Would this require 2 separate bank accounts, or does one bank account (under the LLC ) suffice?

THANK YOU ALL IN ADVANCE!

Loading replies...