hey gang,

so i have been looking to finally protect my assets with an llc. my question is, is it worth going with a wyoming or nevada llc? i live in ca so i know i would have to foreign file here in ca. im sure it wi...

I would think they're looking for a corporate tenant on a 10-25 year term.

I'm neither a lawyer nor an accountant.That said, LLCs are about liability (limited "liability" corporation), not taxes.

Its listed at 75k- The seller is out of state and owns a large asphalt corporation.

GA secretary of state corporations search - The company exists as BEFUNDED, LLC.

,Is this LLC operating as an S-corp or as a sole proprietor?

In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real estate sales and purchases, not an investor (1031 exchange tax deferral is not allowed for dealers)".A more detailed discussion will take place with our CPA, but I would like to hear from some others on BP who "deal" in rehabs within an LLC, s-corp or c-corp.How are your 1031 exchanges handled?

Personally I am not a fan of the too big to fail corporations that are part of the cronyism in America.

The corporate tenants keep up the building and pay taxes on it as well plus you get the depreciation.If 32,000 is all you have you might could look at hard money or private money lending or buying notes at a discount etc. for more passive investing.

Where they see the unknown in not having a corporation control their life and path I see living an unlimited life doing what most only dream about.So get out there man and make it happen!!