In other words what you set up now can last beyond a lifetime and keep working for any future heir as well.Quite a few people that end up setting up an LLC do so in the state of Delaware, for tax breaks and lower fees, as well as a pretty quick turnaround time in organization.Obtain an EIN with each LLC at it’s organization (usually an option online in set up) and be ready to provide lender with the following when applying (as you mentioned using financing for with 20% down)-Articles of Organization and an Operating Agreement for your LLC, for you or all LLC members- State Secretary's proof of good standing (like business entity report aka fees paid to State yearly- can be as easy as paying the $30 fee (just what I know I pay in IN as an example) to your State and getting the email receipt of your payment /filing)- EIN (that you obtained at set up as mentioned)- Bank account info for LLC (just transfer purchase funds into accounts you set up after you’ve obtained EIN- plus usually bank perks to new business accounts like free checks, waived fees etc!)

Lucas We will be in Indian Land on the border of Fort Mill.

I'm trying to figure out is if I should file my LLC in AZ were I live right now and will be operating out of or if I should do it in another state like Delaware or Nevada.

Many investors choose to have LLCs registered in the state of Delaware (expeditious, minimal fees, separate court for business capacity dealings to make any suits as timely as possible).When you go to organize this, while filling out your articles of organization, you can choose to obtain an EIN for tax purposes, as well as being able to have a business banking account.

The pièce de ré·sis·tance:A woman drops off her 11 month old baby to be taken care of by a tenant (who happened to be out of state).

Our attorney still set us up as a Delaware LLC because it's still the most corporation friendly state because the state of Delaware requires very little information in order to file an LLC; in fact, it does not require the personal names and addresses of the members/managers.

@Jason De Jongh Have you considered investing here in Denver?

Should I form a holding company in Texas or states like Delaware and Wyoming?

Taxes - Does it matter if a company is in Delaware and hold a property in Memphis?

Wondering if it makes sense to create a holding company LLC in Delaware, Nevada or Wyoming?