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Karthik Natarajan
  • Investor
  • Fremont, CA
10
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10
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Setting up LLC out of state

Karthik Natarajan
  • Investor
  • Fremont, CA
Posted Apr 15 2023, 09:45

Hi All 

Looking to guidance on setting up LLC.

I have one property in California and looking to purchase a second one out of state in Omaha or Georgia. I woudl like to move my current property under a LLC and purchase the other ones on that LLC. have a few question on setting up the LLC.

1. Setting up LLC in California and maintaining it I believe is ~$800 a year. So can I setup the LLC in a different state like GA or NE as those seem to be more cost effective? What are the pros & cons of setting up LLC out of state.

2. What would be the recommendation for the number of properties I setup under a single LLC?

Karthik

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