@Jane NgForeign file in the state is individual to the state.Wyoming you have to complete your annual report by 2/1/21 and give them your $25.We live in CA and since it's a community property state, we are a single member LLC and so our LLC is a disregarded entity and income/expenses flows through to our personal tax return.

I don’t want to offer something too low as to cause him to disregard me and I don’t want to offer something too high for obvious reasons.

Disregarding the details of the deal itself do you want to do this project by yourself or with partners? 

Unless you elect to treat the LLCs as corporations for tax purposes (C or S) they are treated as disregarded entities for tax purposes (which means the management relationship would also be disregarded for tax purposes) so in effect the tax consequences would be no different than holding the properties directly in your own name. 

If you don't maintain the LLCs correctly, you might as well not have them, because they will be disregarded in a lawsuit.

I just wouldn't advise a typical client from out of our area to disregard the numbers costing they would likely use one of our local companies.

Difficult to tell without knowing the tax status of the holding LLC (partnership I presume) and subsidiary LLC (disregarded entity I presume).If the LLC has no items of income, deduction or credit, a 1065 isn't required, but certain states may still require a partnership return even if a federal return is not required.Please don't try to DIY a 1065. 

So selling as yourself and buying as that LLC or yourself would be permissable as the LLC is a disregarded entity. 

., Land Trusts, if properly structured, a both pass-thru entities and disregarded entities. 

In this case can the LLC be considered as disregarded entity and can it be filed under 1040 Schedule E or will it still be treated as partnership LLC and file 1065 form and issue K1 to the trust?