Updated over 5 years ago on . Most recent reply
Where should I register my new LLCs
I'm starting my real estate investing journey and I live in CT (a very tenant friendly state). I intend to create two LLCs, one taxed as an S-Corp for my active investing and the other for my buy and hold properties. I'm currently house-hacking a 3-family that I plan to quitclaim over to my new LLC.
I've read and have been told it would be more advantageous to register my LLCs out of Nevada for better protections as a landlord. Has anyone had experience with this and is it the better way to go? What are the tax implications of doing so?
Thank you for your input! I want to make sure my foundation is strong and I do it right the first time.