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Updated over 6 years ago on . Most recent reply

Joseph Heimann's profile image
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Joseph Heimann
  • from Eau Claire, WI
  • Member since Jun 26, 2018
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Joseph Heimann
  • from Eau Claire, WI
  • Member since Jun 26, 2018
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Joseph Heimann
  • Eau Claire, WI
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Tax, SDIRAs & Cost Segregation

To LLC or Not? Two Investors in Different States

Joseph Heimann
  • Eau Claire, WI
Posted

A friend and I have been talking about investing together and have been bouncing around the idea of using an LLC. I currently live in Wisconsin and he works and lives in California. We would be investing in Wisconsin and surrounding states with mostly buy and hold rental properties. We are thinking 50/50 ownership.

Any thoughts on how to structure this? Use an LLC or something else? Any tax or financing concerns?

Thanks for the help!

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Christopher Smith
  • Investor
  • from brentwood, california
  • Member since Aug 8, 2016
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Christopher Smith
  • Investor
  • from brentwood, california
  • Member since Aug 8, 2016
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Christopher Smith
  • Investor
  • brentwood, CA
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Christopher Smith
  • Investor
  • brentwood, CA
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You might have an $800 dollar California LLC filing fee to pay every year if you have a California partner even if the LLC is formed and operated outside of California.

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