Nevada
I setup my LLC in Nevada(i live in Missouri and run my real estate business in MO) because I was told by a good sales guy that this the best way to be protected from being sued. At the time it was a part of my coaching package, so i went with it.
When my renewal time came around I found out that I would would have to pay renewal fees. Missouri doesn't require any fees. Moreover, I found out that i would also have to continue to pay an organization(attorney) to file all my docs and i couldn't do it myself. So total the fees end up being about $500 a year, when i only have 1 property, which is in MIssouri.
I went to a local Lawyer to see if i could change my entity around and he was going to charge me around $1200 to do it and he mentioned that there would be tax issues and i would have to set up a new entity in MO and transfer assets.
I feel stuck and think it was a bad choice to set my entity out of Nevada. Are these fees normal for an LLC? Am I getting over charged from attorney's? Is the extra protection worth these annual fees? Should I just call an attorney and cpa and get this fixed and take my losses?