Investing with an LLC/Corp
It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to an LLC formed in CA. Wouldn't this get to be a big expense? Also, would you have to have a registered agent in each state? With an LLC do you have to get the checking account in the state where formed and would each foreign entity have to have the checking account in that state?
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Nick, I am not sure if I understood you correctly, but setting up an entity in NV or WY makes sense for a lot of businesses that are not tied to a specific location. For example, if you are offering services (e.g. an eBook on subject2.com!) and wish to avoid income taxes in your home state, you could set up a NV corporation with a NV mailing address and NV bank account.
I think a corporation would be better than an LLC for this purpose because it is a separate tax entity that does not pass-through taxes to the owners. (C Corp)