Corporate Structure & Privacy

[Blake Russell]

In regards of privacy and taxation what value can a Wyoming LLC holding company provide to a RE business that buys & holds/BRRRR and has an attorney at law conduct Wyoming LLC annual reports for me?

Let's say I have properties in Texas, Georgia, and Alabama and I'm using a property manager for all properties...what issues in regards to privacy and/or taxation would I encounter if/when the property manager sends me the post fee rent income to my business checking accounts? Do I need to register as foreign entities in those states if I don't have a subsidiary LLC to receive the check from the property managers?

I will not be able to purchase properties in cash and will likely start off by taking mortgages out on properties using my name so let's not discuss corporate veils as that's another discussion and intend on holding an umbrella insurance policy. I'm more interested in taxation affects and privacy and I realize I'd need to get the properties deeded to the LLC so that I check off the privacy box in that regard.

Would I in this situation be fully private or am I missing something? And how is this tax reported as a SMLLC federally and locally at the state level? Schedule-K federally and the normal Wyoming filing fee of $50/$52 dollars up to $250k assets + a percentage of $50 every $250k past that?

Thanks!

[Kyle Mccaw]

My head hurt just reading all this. Don't over think it. You can easily purchase property out of state. Then move them to an LLC if you like. As for privacy...what are you concerned about? The tenants will work with the property manager. The property manager will need to know who owns the property they are managing for.