CPA's/Lawyers in San Diego to help with legal entity structure

[Brian Bell]

I am looking to purchase my first investment property out of state in Ohio and plan to purchase 1-4 properties/year going-forward.  Anyone know any good CPA's and/or lawyers in SAN DIEGO to help evaluate the best legal entity formation for these purchases?  

[Jillian Sidoti]

Hi Brian, California is a beast when it comes to taxes. Do you have a current LLC in California? What I would recommend is having an entity in Ohio purchase the properties and then have your California LLC manage the Ohio LLC. The thing about California is that if you have an owner that owns 30% or more of the LLC, then the state of CA wants you to register it in the state of California (so they can get that juicy $800 FTB fee.)

However, I would most definitely consult a CPA or tax attorney about this. I do know some in San Diego, Temecula, and northern California. I am not a CPA or tax attorney.