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Updated about 9 years ago,
LLC or INC or keep under my name
Hi I am new to real estate and need some help.
We are (my self and one of my partner) planning to buy property out of my home state considering Michigan and Texas etc I have following questions. it is going to be long term buy and hold type of properties.
1. Should we create LLC INC or just keep under our name ? I am planning to keep under LLC but not sure what is the advantage of using INC.
2. Is it better to form this entity in California or in state like Nevada ? Are there any advantages ?
Thanks for your help.