Out of State Investors with LLC's

[Jane Ng]

I am an out of state investor (live in CA) and currently invest in two different states (outside of CA). I created a Wyoming LLC and would love your thoughts on the following:

- Do I need to foreign file in each of the states I own property in? If yes - when do I need to do this by?

- For those of you with multiple LLC's, do you have them under one LLC Holding Company? If so - do you only pay taxes on that one Holding Company or taxes on each LLC?

Thanks in advance!

[Todd Rasmussen]

@Jane Ng

Foreign file in the state is individual to the state.

Wyoming you have to complete your annual report by 2/1/21 and give them your $25.

We live in CA and since it's a community property state, we are a single member LLC and so our LLC is a disregarded entity and income/expenses flows through to our personal tax return. I have a great real estate familiar CPA I could refer you to if you'd like.