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Tax, SDIRAs & Cost Segregation

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More LLC questions

Posted Aug 3 2008, 10:48

Hi -- I need advice. My husband and I currently own 4 rental properties. 2 in Washington State
1 in Idaho
1 in Texas

We also own our own home in Texas where we currently reside. We do move every couple of years as we are in the military.

We think we need to form a LLC in order to protect ourselves. I've heard that some people form multiple LLCs splitting up their rental units.

My question is -- where should we form our LLC? Both Washington and Texas don't have state taxes.

I'm not sure what other info you would need for advice -- let me know if you need to know something more... I was thinking of doing the LLC on legalzoom.com -- and then getting a lawyer to help with the deeding over of the properties.

Jennifer

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