where to incoporate

[Jonathan G.]

I live in California and currently acquiring an apartment complex with friends in Texas. Where would it make the more sense to incorporate the holding LLC, Delaware, California or Texas?

[Jon Holdman]

Texas, because that's where the property is located. If you don't, you'll have to register your CA or DE entity in Texas anyway. Taxes will be paid to Texas.

I must add, speak with your lawyer, speak with your CPA. Be sure you understand the tax and legal implications of the various choices.