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Updated about 6 years ago on . Most recent reply

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Marc Gleason
  • Real Estate Agent
  • Scottsdale, AZ
2
Votes |
3
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What state to start an LLC?

Marc Gleason
  • Real Estate Agent
  • Scottsdale, AZ
Posted

So I am planning to begin wholesaling in Arizona and want to get my LLC registered ASAP.

After quick research it said file in state if you are going to have a store front (which I will not) or would be doing must of your business in state (which I would).

It says you may want to file out of state, most commonly Delaware, if you wont have a store front or will be doing business out of state. 

Wanted to get some opinions on what people thought and gather any advice I could. 

Thanks!

Most Popular Reply

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504
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Brian Bradley
  • Attorney
  • Wilsonville, OR
411
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504
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Brian Bradley
  • Attorney
  • Wilsonville, OR
Replied

@Christopher Lane I am not advising you on anything. But if you are a resident of FL, and live in CA, you have a nice tax mess on your hands. Talk to your CPA about that. I would avoid starting anything in CA if I could. If you are a resident of FL, FL has good Asset Protection Laws. You can create a FL traditional LLC with a land trust and use that and a side traditional operating company, or you can go with a TX, NV or DE Series LLC as the holding company and connected to a land trust, with a side operating company.

Lots of ways to skin the cat or divide the pie. You just need to get on the phon with an asset protection attorney to go over your situation in a lot more detail then on any forum. And talk to them. Not opinions from investors and non lawyers. Talk to your CPA for the Tax issues, and talk to a few asset protection specific attorneys for real estate investors for the law side and options. Its a matter of finding what works for you now, and then room to grow, and keeping it simple and streamlined. 

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