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Updated almost 8 years ago,
CA resident holding multiple LLCs
Hi BP members,
I understand that as a California resident, if I open up an LLC to hold my out-of-state real estate, I still have to register the LLC in CA and pay the $800 CA fee.
I want to set up multiple LLCs in different states to hold my real estate portfolio. Each LLC will hold one or more properties. However, I'd like to avoid registering multiple LLCs in CA and paying the $800 fee for each.
Is there a way to set up the LLCs in a way so I will only have to pay the $800 fee once? For example, if I set up one LLC as a holding company to manage all the others? Any other options that can help me lower my fees?
Thanks!
Oren