Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

39
Posts
14
Votes
Corey Duran
  • Rental Property Investor
  • Toledo, OH
14
Votes |
39
Posts

Wyoming LLC protection

Corey Duran
  • Rental Property Investor
  • Toledo, OH
Posted

I hear a lot on the internet that no matter how you set up your business structure for asset protection you want to have your main holding company that owns all of your other LLCs out of Wyoming, Delaware, or Nevada for anonymity purposes.. Wyoming is one of the cheaper to set up and maintain. The idea is that if someone goes to look at your locally owned LLC they will just see that a Wyoming LLC owns it and that Wyoming won't give out any owner info to the general public.

This sounds good and all but are there any drawbacks to doing something like this that I am not considering?

Can anyone recommend an attorney who could help properly set this up? Would this possibly be the same attorney who would set up the other LLCs or should I get someone in Wyoming?

Loading replies...