Question Coporate structure
Hi all,
Have a question regarding how to setup the asset protection. From what I have read, LLC seems to be the best choice. But ]I also read about the trust and LP, so i am bit confused as to how to structure it. If you have similar experience, can share your experience or opinion.
We are located in NYC, and have a few properties in the area, including coops ( which I was told, we can't transfer to LLC, is it correct?). We also have a few properties in TX. Where should we have the LLC/LP? considering the fees associated with having the LLC each year, should we set it in a different state other than NY/TX? Would that be too complicated during tax season?
Lastly, do u have any lawyers you can recommend NY and TX?
Thank you for your reply!