What state should I open my LLC in

[Jay Lo]

I live in CT and invest in OH. I recently purchased an 8 unit apartment building free and clear. My thing is, I want to transfer it to LLC. I opened it in OH but I heard its better to open it in my own state. I was going to change it but legalzoom told to me the CT is $279 as opposed to just $99 for OH. So that means id have to pay more to switch it and also the CT tax rate is 6.35 and the OH tax rate is 5.75

Whats your take and advice on that? Should I keep it in OH since thats where i invest or pay more to switch to my own state where i live.

[Mike S.]

It is usually better to have the LLC in the State where the property is. If you open it in another state, you will have to foreign register it in that State anyway, paying double fee.

Ohio also has much better charging order protection for your LLC than CT.

If you want even better charging order protection, you would create a holding LLC in WY that would be the single member of your OH LLC.

Tax wise, I am not sure if OH or CT LLC have state tax. But as your LLC is doing business in OH, that is where anyway local taxes would be due if any.