LLC filing... California or Nevada?

[Meldeine Sipes]

I plan on setting up an LLC for my real estate business. My initial priories will be in Las Vegas but I love in California. For tax purposes I thinking I should register my LLC in Nevada. Can anyone give me some advice on this? Does it matter where I register? Of course the goal here is to go where the least taxes are collected.

[Basit Siddiqi]

@Meldeine Sipes

It is normally suggested to create the LLC in the state that the property is located in. If the property is located in Nevada; create the LLC in Nevada. If the property is located in CA; create the LLC in California.

If you create the LLC in Nevada and own the property in California - You would need to 

1. Pay to register the LLC in Nevada
2. Pay for a registered agent in Nevada
3. Pay an annual fee to the Nevada SOS every year
4. register the LLC as a foreign entity in California
5. Since CA already deems you to be doing business in CA if you make important decisions in CA; CA will require you to file a CA LLC return(568) and pay the $800.

You can avoid steps 1-3 if you register in CA if the property is located in CA.