Any recommendation on forming out of state LLC or Home State LLC

[Rajagopalarao Paidi]

When I have a property out of state, is it recommended to form LLC in the state where I have a property ? or we can manage through the home state LLC, any prod and cons Please ?

[Benjamin Weinhart]

My personal thought on an LLC is that if you actually need the extra protection that's given by registering in a super business friendly state, you usually have someone in your ear already telling you as you grow to a large enough size for it to matter. I've worked with many restaurants/manufacturing companies with 9+ figures of revenue and they're just registered where their HQ is most of the time. This includes the biggest I've worked on who had ~$1b in revenue. For the ease of administration, I almost always advocate for someone to have an LLC registered in their home state (except for CA residents, unless you don't mind an extra $800/yr fee). No need to over complicate things while still relatively small, you can always revisit it later.