Setting up LLC out of state
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