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Updated about 2 years ago on . Most recent reply
LLC for rental property
Hi,
I live in california, but I find a property that I am interested in. In california, an LLC costs 800 minimum tax payment. Is there a way I can set up a LLC outside of california? If so, which state is the best? Thank you.
Carol
I live in california, but I find a property that I am interested in. In california, an LLC costs 800 minimum tax payment. Is there a way I can set up a LLC outside of california? If so, which state is the best? Thank you.
Carol
Most Popular Reply

@Carol Lam If you are looking to potentially own multiple properties in the future, then I would recommend considering a Delaware Statutory Trust (DST). It has a parent-child structure to separate assets into secure series, similar to a Series LLC, extending liability protections to real estate investments within the structure.
Additionally, DSTs don’t have to pay the $800 annual Franchise Tax owed by LLCs and Series LLCs.