Parent LLC in Wyoming with child LLC’s out of state

[Brett Rounkles]

I currently have my properties set up in my LLC's but do not have a parent LLC set up. A lot of people mention to set up that parent LLC in Wyoming or Nevada. Thoughts as to why this is a benefit or more of a hassle? Thanks.

[Jerry W.]

There are several thoughts @Brett Rounkles. First by owning one LLC with another you can create anonymity in ownership to a limited degree. I think anonymity is over rated and easy to figure out in a real case. Another method is to have one LLC own the property and another manage the property in order to siphon off the income and again separate liability away from the company that holds the property. It is probably too complicated and expensive, mostly in time in the beginning. Once you big enough that the cost is won't break you can add that on.