Delaware LLC for long term rentals

[Justin R.]

I am going to create an entity and my 3 priorities are...

1. Asset Protection

2. Anonymity

3. Tax advantageous (would be a plus)

I live in CA, and invest in 6 regions outside of CA. I am no longer comfortable with my umbrella policy and would like to increase my protection from liabilities.

Has anyone in CA, created a Delaware (or any outside state) entity to pursue similar agendas as myself? 

The more research I do, the more complex it seems. I have talked with my CPA, and a few attorneys whom all gave very different advice. 

Thanks for your input!

Cheers!!

[Justin R.]

Hey @Venu Vedre sorry I wasn't very clear. The benefit of the DST (Delaware Series Trust) is that you do NOT have to pay the annual filing fee. Essentially I have all the benefits of an LLC, just no filing fee.

The combination between being in CA (filing fee) and my own partner being my wife, makes the DST the best bet. I utilized Attorney @Scott Smith to prepare my trust. They have been great, and work with people outside of Texas regularly.