*Incorporating in Wyoming*
I've read that Wyoming offers the best asset protection for real estate investors (with assets outside of the state). Does anyone have a recommendation for a WY registered agent company?
Thanks in advance!
Hi Priscilla,
That may be true, but I'm going to throw another variable at you- what will your tax situation be if you incorporate in one state and own property in another? That might wipe out any protection advantage. If you are concerned with this up front, it might be worthwhile to find a local attorney that specializes in asset protect and find out if a trust would do you better than interstate incorporation. Good luck whatever you decide!
@Priscilla B Walker, as of July 1, 2018 Wyoming now has a series LLC. There has not been any court decisions on it yet, but I would expect the normal interpretation that our courts have done on regular LLCs.
Wow! Thanks Jerry!
Originally posted by @Jerry W.:
@Priscilla B Walker, as of July 1, 2018 Wyoming now has a series LLC. There has not been any court decisions on it yet, but I would expect the normal interpretation that our courts have done on regular LLCs.
I will reach out to a local attorney. Thanks Amanda.
Originally posted by @Amanda G.:
Hi Priscilla,
That may be true, but I'm going to throw another variable at you- what will your tax situation be if you incorporate in one state and own property in another? That might wipe out any protection advantage. If you are concerned with this up front, it might be worthwhile to find a local attorney that specializes in asset protect and find out if a trust would do you better than interstate incorporation. Good luck whatever you decide!
@Priscilla B WalkerI would recommend incorporating in Delaware......