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Updated almost 9 years ago,

User Stats

289
Posts
63
Votes
Rahul Bhatt
  • Fremont, CA
63
Votes |
289
Posts

LLC which state is the best

Rahul Bhatt
  • Fremont, CA
Posted

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.

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