Wyoming Holding Company then file a California LLC?

[Amie Wassell]

Currently looking to start investing. I am currently starting to structure my side hustle correctly. (I screen print and embroider apparel for small businesses) I have my DBA for that but plan to make it an LLC.

I have been watching Pace Morby, he talks about having a holding company in Wyoming and then an LLC in the state you do business. 

Should I have a holding company in Wyoming - for anonymity? Then my LLC for current business (that is currently a DBA) and my real estate LLC under the Wyoming holding company?

[Jason Marino]

Hi Amie,

What would your Holding Company own? If you are a California resident, there is a more cost effective way to create a Holding Company than an LLC. As mentioned in the comment above, an LLC will require fees in both Wyoming and in California. If you use a Delaware Statutory Trust, you can avoid these maintenance costs. This entity has similar limited liability protections to Corporations, but, as a Trust, it can avoid some of the maintenance costs.