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Updated over 4 years ago,
CA LLC or out of State LLC for holding CA property
I'm purchasing a small multifamily property in San Diego and am looking to set up an LLC for liability protection. Do you recommend holding the property in a CA LLC or an out of state LLC entity for this purpose? I have a Texas LLC already set up for my Austin rentals and understand that having a separate entity for each property is best. I also have a W2 job in CA if that makes a difference for tax purposes. Any suggestions would be appreciated.