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.
Out of State Investing
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 30 days ago, 11/19/2024

User Stats

8
Posts
16
Votes
Nakul Patel
16
Votes |
8
Posts

LLC formation question

Nakul Patel
Posted

I am currently in CA and have an investment property in OH. I am trying to understand what is the best level of asset protection for holding these 

If I create a Wyoming LLC (which will be the holdco LLC) ? And can hold the OH property or do I need to create an LLC in OH and then WY LLC will hold OH LLC

Secondly , I've heard mixed things does WY LLC need to be registered in CA ? The LLC will not have any employees and won't conduct business or generate income in CA. The only thing is WY LLC will flow through the income and losses to our individual CA return.
any insight on this matter is greatly appreciated as I’ve heard and saw conflicting things regarding LLC needs to be registered in CA


thank you ! 

Loading replies...