Switching from a California-based LLC to a Wyoming-based LLC

[Gulliver R.]

Hi All,

I'm planning on switching from a California-based LLC to a Wyoming-based LLC for my California rental property. Let me explain..

Currently I own a property in California which is owned by a California-based LLC. So my plan is to create a Wyoming-based LLC because there's no state tax there and the fees are lower. Then I want to have that Wyoming LLC be the LLC that holds title to my California property. So my question is: can I do that? And is there anything you think I should know about this before I pull the trigger on it? Thank you in advance for the advice! :)

Best,

Gulliver