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Updated about 11 hours ago, 11/29/2024
Where to form LLC for legal protection - Business in AL, Living in CA
I am an investor starting my real estate journey. I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them. Based on your experience or expertise, will an Alabama State LLC or a Wyoming LLC work better from a legal protection perspective? I live in California. What is the best structure? My research guided me to form an LLC to hold the properties during repair/rehab (I am buying properties that need major fixing) and move them to another LLC where I will be collecting rent.
I am looking for any guidance from experienced investors and professionals.