Forming an LLC out of state, living in California
Hi all,
Firstly, I would like to ask if anyone has a good real estate attorney reference in California?
Second, can someone help me understand costs around forming an LLC out of state while I live in California. I know I should discuss this with an attorney (hence the first question) but I would like to screen it here. Basically, I live in CA but would like to invest out of state (Ohio specifically). I am researching starting an LlC in Ohio where my rental properties will be, buy I had read a prior post that seemed to imply that in this situation, because I live in CA I would still owe the CA $800 LLC tax plus the income tax if the net income is over $250k. Is anyone familiar with this? I was hoping that by operating in Ohio, I could form my LLC in OH and not have to deal with the high CA tax implications.