Optimum Real-Estate ‘Foreign LLC’ for CA-resident

[Anurag D.]

Hello,

..CA-based beginner investor with RE-investments in multiple states.

We are looking for asset-protection, BUT Annual LLC operating cost is a significant factor.

(CA LLC fees being very high - $800 our year.)

I have heard that NV LLC is good for privacy-protection, WY for low-costs, DE for corporations.

I am looking for good/otherwise experiences for LLCs (Serial?) from other states that could meet the requirements with LOW operating expenses.

> Queries:

1. Which state could offer optimum cost-effective & Asset-Protection LLC.

2. Best LLC for properties based in California.

3. Would forming LLC in states that do not require ‘physical presence’ in any state be beneficial in anyway?

4. Which is better - Forming LLC with ‘no physical requirements' (DE?) Vs forming LLC in state where one does ‘NOT need to file future annual reports’ (NM?).

> Assumptions: Keep properties for long-term (10+ years) ; Currently break-even, future cash-flow prospect.

Thank you in advance.

—————————— —————————— ——————————

> Filing / Periodical Fees:

AK: 250/100

AZ: 50/0

CA: 70/ 800

CO: 50/10

DE: 90/300

FL: 150/138

GA: 100/ 50

HI: 50/ 15

IN: 95;30

ID: 100/0

MO: 50/0

MS: 50/0

MT: 70/20

NM: 50/0

NV: 425; 350

OK: 100/25

SD: 150/50

TX: 300/0

UT: 70/20

WY: 100/50

(Disclaimer: Referred to in 2021. Numbers may change)