Using CT corporation to form LLC and paperwork
Hi all,
New to the investing game and have acquired, rehabbed, and rented the first property. Now im on the form the LLC and get organized. I am currently reading books now to get up to date on all the details but im running into questions.
I am investing in IA for now and probably NE later (I live right on the border). IA allows serial LLCs which was my original plan but now im reading their veil is not supported by case law. What I gathered from the books is im going to need individuals LLCs PER property (sounds a little daunting to me, but I want the utmost protection). Do you agree?
Next I need to decide on the state, I am hearing previously it was Delaware, now its Wyoming and Nevada? Has it already changed again? My needs are nothing fancy, I work in science for my day job and the real estate is purely a side interest (along with stocks) but I am passionate about investing. If there is even the slightest advantage to forming out of state then that's what I will do. I would like to get it right from the get-go.
Lastly, I am seeing that not only will CT Corporation serve as my RA (highly recommended from books), but I can also pay them to do my compliance work, annual report filing, grab my EIN etc. Has anyone had experience with this company?
Thank you for your help!