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All Forum Posts by: Kevin Gillies

Kevin Gillies has started 1 posts and replied 2 times.

Tax, SDIRAs & Cost Segregation

Post: Arizona LLC, Wyoming holding company, California resident

Kevin GilliesPosted
  • Tujunga, CA
  • Posts 2
  • Votes 0

Thanks, Ashish

The main purpose is to get the properties out of my name, to separate the Short term rentals from myself. (asset protection)

From further research, it sounds like the WY LLC that is actually doing business (Holding a Bank account, receiving money for the AZ LLC activity) should register as a foreign LLC doing business in CA. Since the AZ LLC are disregarded LLC strictly for holding the properties there would be no need to pay the CA 800.00 tax for the AZ LLCs. Does that sound correct?

Not sure how forming Sereis LLC at the holding level works or how it's structured. The future would be to keep adding properties to the to existing LLCs within the WY LLC.


0 Votes
Tax, SDIRAs & Cost Segregation

Post: Arizona LLC, Wyoming holding company, California resident

Kevin GilliesPosted
  • Tujunga, CA
  • Posts 2
  • Votes 0

I have 4 short-term rental properties in Arizona, I live in California. Looking to put them in LLC for asset protection and have Wyoming holding company. The question is do I do have 1 AZ LLC Or separate them. Then have the Wyoming company hold them. Do I need an EIN for the Wyoming LLC? Does it need to qualify to do business in CA? Does qualifying In CA lose my anonymity and protection? Or is there a better way?

0 Votes