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Updated about 9 years ago on . Most recent reply

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14
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Rich Sutherland
  • Stratford, CT
2
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14
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Nevada LLC v Connecticut LLC

Rich Sutherland
  • Stratford, CT
Posted

Hello All,

An absolute newbie here!

I have a partner who has created an LLC in Nevada for flipping houses as they were advised it was best. Ive done a little research and looks like it is more beneficial to create an LLC in the state we are flipping in.

We would be investing and flipping in CT & NY.

How does the creation of the LLC in NV 'trump' one in CT or NY? Is it more beneficial to have it registered in NV and pay the out of state fee's etc?

Any help or assistance is greatly appreciated.

Thanks in advance for your experience and knowledge on this complicated issue!

Cheers

Most Popular Reply

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887
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323
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Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
323
Votes |
887
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Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
Replied

I've been told by snubber of people that the one in Nevada offers more protection. They say that doing one in Delaware is even better. 

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