Which state should I form an LLC in?

[Monica London]

I'm purchasing a duplex in Alabama but I live in Texas. Which state should I form an LLC in? What would be best for tax purposes?

[Greg Parker]

@Monica London I agree, have it in Alabama. When you get a lot of them, then put all LLC's in an anonymous LLC or trust. ONly a few states allow that, Delaware, Wyoming, Nevada, New Mexico, Ohio. That way you can hide all of your assets from angry tenants and attorneys.

Disclaimer, this is not legal advice, just something a friend of mine does.