All Forum Posts by: Collin Chew

I am trying to create an LLC for the 3 properties I own. I spoke with an attorney briefly and he mentioned that as the sole owner of the properties and the LLC, I don't need an operating agreement or EIN. Is it recommended for no operating agreement/EIN if I am the only member of the LLC?

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Did you use a local attorney or property manager as your registered agent?

Originally posted by @Cameron Tope:

Collin,

We were advised by our attorneys to setup the LLCs in the state where the property is located. Unfortunately, I don't have all the reasons why.

Note: our LLCs that own the property are owned by a "Holding Company LLC" that is based in Wyoming. The reason it's based in WY is the annual renewal fees are cheap and WY doesn't give out the owner of the LLC's information.

Hope that helps!

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Hello All,

I am located in California and have started investing in Wisconsin (3 houses currently, working on my 4th). I've reached a point where I think it would be a good idea to form an LLC, but it looks like it is recommended to create the LLC in the same state that you are investing in. My property manager said I can use her business address (she is located in Wisconsin) as the address for my LLC. Are there any cons to setting up the LLC like this? Any other better alternatives? I am just concerned that I won't get my mail.

Thanks in advance!

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All Forum Posts by: Collin Chew

Collin Chew has started 2 posts and replied 3 times.

Post: Single Owner LLC, Operating Agreement Required?

Post: LLC Out of State, Use my PM's Address?

Post: LLC Out of State, Use my PM's Address?