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Updated almost 9 years ago,
LLC which state is the best
I am planning to put my real estate properties in LLC. Which state is good I am in California and Properties I am buying are in Ohio . i know in any case I have to pay $800 is california per year to maintain this entity.
I have decided to go for LLC because of following
1. I have partner and it is much better to have an entity instead of paying for Two umbrella insurances
2. I want to build this entity so when I am ready to go big I can use Its credit or income to get a loan.
3. Business Expense management.
I an considering Ohio or Nevada. because there is no recurring cost in both state. Any help or suggestion will be Greatly appreciated.