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Updated over 7 years ago, 07/12/2017

User Stats

13
Posts
4
Votes
Lashad Hamilton
  • San Antonio, TX
4
Votes |
13
Posts

Newbie Investor LLC Question

Lashad Hamilton
  • San Antonio, TX
Posted

Hello BP community,

I am currently in the US Navy and my contract is over November. I am currently stationed in Southern California but plan to move to San Antonio, TX to live and invest. I am cleaning up my debt to get my credit score up to at least 620. Also I am saving money for my down payment on my first property. First question, since I know I will go to TX should I start the LLC in TX or CA? Second, how soon should I start the LLC? Third is there a certain way I should set up the LLC to help for tax purposes? Any information is greatly appreciated.

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