Any CA Investors Investing out of state working with Anderson?

[Jane Ng]

Are there any CA investors investing out of state that structured their business with Anderson? I've had a few intro calls with them and they propose the following:

- WY LLC that acts as a Holding Company

- Create multiple LLCs under the Holding Company

- NOTE: this is different from a Series LLC

They claim that since your information will NOT be on the WY LLC Holding Company (for anonymity) and each LLC is a disregarded entity under the Holding Company, and therefore, doesn't file a tax return, you do NOT register any of these LLC's in the state of CA. Therefore, you don't pay the $800 CA Franchise Tax. My CPA obviously doesn't agree with this, but Anderson is a large company so I'm sure there are thousands of CA based investors who do this.

I personally think this is shady, but wanted to get other opinions.

On a side note - if you live in CA but invest in multiple properties out of state, how have you structured your LLC?