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Updated almost 5 years ago,
Live in CA but purchase in OH. LLC Location???
I am new to the game, but I have 3 rental properties since November 2019. I want to form an LLC to protect myself. California is the worst in regards to cost for LLC's. (It's bad at many more things too...) I have read Delaware is the most LLC friendly. How does this work? Would I form one in Delaware, and do a state tax return there every year, or would I have to do a tax return in Ohio since my properties are there? And I have a regular job and already file federal and state in CA.
Can someone explain to me the process. It's all easy to do on Legal Zoom but I don't want to screw it up. Thank you.
-Matt