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Updated over 6 years ago, 08/12/2018
Partnership Structure - Living in CA and Investing Out of State
Hello!
Hoping to get some input on the best partnership structure for my situation. I'm investing with a friend that lives in Utah, and I living in California. We plan to acquire 2 townhouses in Utah by the end of 2018, and are 50/50 partners. We have been looking into setting up an LLC in Utah; however, from my understanding, I would also need to register this LLC in California.
Is setting up an LLC a good idea, or would you suggest we take a different route?
Thank you!!
Stu