Forming an LLC - Memphis Investor Living Out-of-State

[Phil Petite]

Hi BP! :)

General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.

Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere? Any advice would be great, thank you in advance! :)

[Scott Gresham]

Hey Phil,

I live here in Memphis and can say from experience that Tennessee makes it easy to setup an Llc.  Doesn't mean its a necessity to have it formed here but it is a fairly straight-forward process.  If you have any specific questions I'd be happy to connect with my attorney for advice.  All the best and let me know if I can help in anyway.