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Updated about 8 hours ago on . Most recent reply presented by

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80
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Marcos De la Cruz
  • Investor
  • Huntington Beach, CA
26
Votes |
80
Posts

Paying $800/yr per LLC in CA for out of state rentals

Marcos De la Cruz
  • Investor
  • Huntington Beach, CA
Posted

Clint Coons, Esq. claims that if you hold title to an out-of-state property in an out-of-state LLC held by a Wyoming Statutory Trust, you

    can avoid the $800/yr per LLC that we have to pay as CA residents.

    Can anyone verify this?

    Thanks.

    Most Popular Reply

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    52
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    Dave Hagen
    • Chicago Area, IL
    47
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    52
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    Dave Hagen
    • Chicago Area, IL
    Replied

    California mandated that the electric companies move to solar and wind, leaving little money for maintenance, then blame the companies when their poorly maintained power lines spark fires. As if power companies need incentive to avoid maintenance before infrastructure fails.

    And California has continued reducing forestry maintenance until they have now completely defunded it. The forestry service said that they weren't able to do 10% of the maintenance needed, like clearing out dead undergrowth, making fire breaks, or controlled burns. And  since they are anti-logging, there are no areas being cleared and replanted, or paths created to remote areas, making firefighting even more difficult.

    Strange, since cutting down trees for use in products is a great way to capture carbon and make areas available for new growth to capture more carbon. And why do they wait to call in the aircraft that can dump liquids on a fire, until they are out of control? Are they trying to maximize the damage fires cause, so they can blame "Climate Change" for the decisions they make?

    Insurance companies are raising prices due to the increases in disasters, then leaving when California and others try to limit their increases. They claim the insurance companies are greedy, but if they don't cover their losses, they will go out of business.

    Politics shouldn't invade every aspect of our lives, and it is sad that we need to spend so much time talking about it, but unless we push back, it will continue.

    I wonder if California would remain blue, if voter ID was mandated.

    Good luck in California, when they finally pass laws that all but prohibit evictions, labeled as renter's rights.

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