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Updated about 2 years ago,
LLC Formation and Deed Transfer
Hello BP community, I'm in CA and am looking into forming an LLC for a long term rental I have in CA, and planning to acquire more.
It was recommended that I form it in Wyoming for the best protection and anonymity. However, I read that I would then have to pay the out state franchise fee AND the Wyoming fee (which is way less than California's).
Questions:
1) Do you know exactly how that would work?
2) Also, I tried starting the process through IncFile but it asked for a physical address. It has a first year free registered agent service but still asked for that address, and I don't want to use my primary home, what are your recommendations? UPS mailbox? Is that acceptable? They will not accept a PO Box.
3) Once LLC is formed, do you know what is the best way to transfer the property to LLC without triggering a reassessment or changing any loan terms?
Anything else I should know? Thanks in advance!