Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
![Trevor Levine's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1902766/1723138714-avatar-trevorl77.jpg?twic=v1/output=image/crop=853x853@0x74/cover=128x128&v=2)
Can a WY LCC own a % of a CA property if it's a passive investor?
I own 20% of a CA investment property. I'm a T.I.C. partner and passive investor. Meaning, the 80% partner is doing everything from renovations and repairs to property management. I do nothing except receive quarterly distributions.
I want to deed my 20% into an LLC. Can it be a WY LLC? Or must it be a CA LLC?
I'd prefer a WY LLC for two reasons. First, the annual renewal fee is lower. Second, it offers charging order protection.
Most Popular Reply
![Aaron K.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/349588/1621445918-avatar-aaronklatt.jpg?twic=v1/output=image/crop=2448x2448@407x0/cover=128x128&v=2)
I think CA will hunt you down for their pound of flesh on this one. probably you'd be better off owning 20% of whatever LLC holds this property or you and your partner each get to pay $800 per year.