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Updated almost 2 years ago on . Most recent reply presented by

Monica London's profile image
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Monica London
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Monica London's profile image
Monica London's profile image
Monica London
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Monica London
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Tax, SDIRAs & Cost Segregation

Which state should I form an LLC in?

Monica London
  • Investor
Posted

I'm purchasing a duplex in Alabama but I live in Texas. Which state should I form an LLC in? What would be best for tax purposes?

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Greg Parker's profile image
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Greg Parker
  • Realtor, Contractor, Property Manager
  • from Montgomery AL and Dauphin Island, AL
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Greg Parker
  • Realtor, Contractor, Property Manager
  • from Montgomery AL and Dauphin Island, AL
  • Member since Jul 3, 2017
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Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
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Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
Replied

@Monica London I agree, have it in Alabama. When you get a lot of them, then put all LLC's in an anonymous LLC or trust. ONly a few states allow that, Delaware, Wyoming, Nevada, New Mexico, Ohio. That way you can hide all of your assets from angry tenants and attorneys.

Disclaimer, this is not legal advice, just something a friend of mine does.

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