All Forum Posts by: Vadim Rubinstein

also should I have just registered an LLC in california. Is there any way to avoid or wait to pay the out of state fees in other states until I actually get something under contract. Once I actually have some business going on in texas for example. Can I at that point register my LLC as a foreign llc in texas?

One more question guys

If my LLC that I register is unsuccessful and has not done any business at by the end of the year, do I still have to pay the annual franchise tax fee or can I just close the business before the year has passed and choose not to renew for the 2nd year?

Who in this chart would manage the Holdings LLC. - Would the Managment LLC manage the Holding LLC. So I would end up managing only the Management LLC.

Then I would only have to pay 1 $800 fee for california and thats it.

Any way around opening LLCs in every state you are putting in offers or on properties?

If I am in CA and I form a Wyoming Managment LLC that manages and is a 100% all the other out of state LLCS for example in texas and oregon.

Can my Wyoming Management LLC be the only member and own 100% of the sub LLCs in texas and oregon. If that is the case will I still be responsible

- I am looking to wholesale propertys, maybe in the future do lease options, fix and flips. 

I will for sure be doing this in California as well. I am ok with paying 1 $800 yearly tax but dont want to pay for a separate tax for each sub LLC managed and owned by the Wyoming LLC. I also really really would like to avoid getting all these LLCs in each state unless I start actually getting deals in the state.

Would it be acceptable for my Wyoming LLC or just 1 LLC in california for example to put offers on properties in other states without filing with the states right away (maybe once a deal is closed I would be happy to file)

any tips are appreciated, this is super confusing. The more I research the more confused I am.

I am still confused.  Can anyone help clarify. I am physically located in california. 

I want to wholesale properties in multiple states (texas, oregon, washington, california)

I have set up a LLC in wyoming (to manage all my other LLCs), I have not set up anything else. Now for any business I do in california I have to create a california LLC and have it managed by the wyoming managing LLC? If I find a property I want to wholesale in texas do I have to also have a texas llc.

Can I just have 1 california LLC and wholesale property all over the country without making LLCs in other states. If not can I at least wait until I have a deal / transaction in another state like texas and then pay the fees over there?

I am in the process of starting a nationwide real estate wholesaling business. I do not want to limit myself to deals in the local marketplace because my local marketplace is extremly competitive and expensive and I wish to go out of state to not limit my pool of deals.

My question is: I set up a wyoming LLC (because everyone says its good for protection). My funds are limited and I really dont want to open up 10-20 LLCs under my main wyoming llc in each state I do business in. Do I have to set up an LLC in each state I start wholesaling. Or can I just have 1 out of state LLC and use that. As It is cost prohibitive for me to set up all these LLCs since I am just starting out.

I physically live in Los Angeles, Ca.

Any tips are appreciated.