All Forum Posts by: Jesse L. Berard

You should not have to register the LLC with Mass as long as you are not doing business here in Mass. That would include owning real estate in Mass. If you did end up doing business in MA then you register the LLC as a foreign LLC. There is a fee for that and then a yearly fee to stay current.

I am not sure how this would effect your taxes here in Mass. I am sure you would have to report any income you received from the out of state LLC as part of your personal taxes here in Mass (probably as some kind of disbursement. Not necessarily the income of the LLC itself

You would probably have to register the WY LLC in any state you did business in. Just like a lot of corporations are incorporated in Delaware.

Thank you Douglas Snook. I have no doubt the state will want to tax it as income. I am just getting started so just trying to do some research and that question kept popping into my heard. I didn't want to start an LLC in WY just to find out Mass was going to charge me anyway.
I figure the tax question will be something an accountant will be able to answer for me.
Again thank you for the reply.

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Quote from @V.G Jason:

Even if it doesn't, you'll have to register it as a domestic LLC. The WY LLC is just a holdings company, that operates in WY. The child LLCs underneath it should be at the state level.

Wyoming Holding LLC->

Title Holding state-based llc(MA)
Property managing state-based llc(MA)

If this is your primary, it should really only be in your name or a trust so you still get homestead. But consult a lawyer, rather than to listen to me or others on the internet honestly.

Thank you I appreciate the advice.

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Hi all,

I tried a search however I could not find what I was looking for. Hopefully someone could help me out and point me in the right direction. I am looking to invest in single family houses for monthly cash flow. I live in Massachusetts however a lot of the podcasts I have been listening to suggest setting up an LLC in WY. I do not plan on buying any rental properties in Massachusetts at this time, it just happens to be where my primary residence is located. I am wondering if there are any additional costs charged by the state of Massachusetts because I live here. I have been told some other states, California, for example charge a fee even though the owner of the WY LLC doesn't own any rental property in California. Could someone tell me where I can find out if Massachusetts does the same?

Thank you in advance.

1 Vote

All Forum Posts by: Jesse L. Berard

Jesse L. Berard has started 1 posts and replied 3 times.

Post: WY LLC Live in Massachusetts

Post: WY LLC Live in Massachusetts

Post: WY LLC Live in Massachusetts