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Updated about 2 years ago,

User Stats

12
Posts
3
Votes
Yee Elias
  • Investor
  • Southern California
3
Votes |
12
Posts

LLC Formation and Deed Transfer

Yee Elias
  • Investor
  • Southern California
Posted

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! 

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