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Updated over 14 years ago on . Most recent reply

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Entity Decisions and Entity Locations

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We are starting a new Real Estate investing venture,purchasing multifamily homes in a few various markets we have intially targeted, in various states.

As we prepare to get this going we are planning on starting a new LLC. My question: is there any advantage to starting this new LLC in Nevada or Delaware even though we probably are not going to purchase a property in either of these states? I reside in NJ and partner in Mass.

Also we were looking into the theory of starting a C-Corp in addition to the LLC, possibly in Nevada or Delaware and assuming our real estate investments turn a profit we could divert some of this income towards the C-Corp as a property management fee.

Any theories or experiences good or bad relating to some of this.

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

I'm not really sure. I wasn't the architect of the firm. My suspicion is that it may be an artifact of the well-established corporate case law for series LLCs there.

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