Need advice on forming LLC’s

[Robert Lindsley]

Hi there,

I am getting ready to purchase a property in PA and I live in MA. I'd like to buy the property through an LLC but need some advice.

I am forming an LLC in Wyoming which will own the LLC in PA. The LLC in PA will purchase the property. These LLC have not yet been set up.

I have a couple of tactical questions for forming the LLCs:

- Should I form the Wyoming LLC anonymously? If not, should I form it with one or two owners?

- How do I set up the PA LLC so that the Wyoming LLC owns it? Is there a section in the PA site that allows me to do that while forming the LLC?

Any help would be much appreciated!  Thanks!

Robert.

[Jerry W.]

It only costs a $100 filing fee to form a Wyoming LLC, but you should do some operating agreements. These super secret anonymous LLcs are mostly hype. if you personally run the PA LLC then they will know who you are. All t5his secret sauce multiple LLC stuff is mostly guru junk from folks who are selling it. It is relatively easy to find out who the owners are. LLCs do provide protection, but if you personally manage they are of limited help. If you use a property manager then they help a lot more. You have a much bigger cost and time involved when you start setting these complicated ownership schemesup.