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Updated over 8 years ago,
Wyoming LLC with member resident from California
I'm starting an LLC for money lending business. The attorney suggested to open a Wyoming LLC for tax and asset protection. My issue is that a managing member lives in California and the operations manager lives in Florida which according to the filing documents means that we have to register business in 2 more states: CA and DC. Operations Manager is not going to be on legal documents, she is a contracted worker.
My question is if anyone has been in a similar situation and found a way to minimize expenses?
I am consulting with attorneys as well, so I'm just looking for other opinions to ask the right questions to my attorney. So do not hesitate to share, I won't consider it as a legal advise (unless you are an attorney and want me to)
Thnx in advance!