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Updated about 1 month ago, 11/19/2024
LLC formation question
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 !