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Tax, SDIRAs & Cost Segregation

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Bryan Hudspeth
  • Plainview, TX
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Starting an LLC - Texas or Nevada???

Bryan Hudspeth
  • Plainview, TX
Posted Sep 28 2017, 07:42

Hello,

I'm getting ready to do my first deal, and was thinking about proceeding with getting an LLC.

I attended a Fortune Builders event several months ago, and was contacted by a company called Nevada Corporate Headquarters who proceeded to tell me that I "HAD" to incorporate in Nevada because of various reasons. He claimed that Texas does not have laws that will protect single member LLC's, as well as that there are like 28 different ways in Texas for someone to pierce a corporate shield, and that Nevada laws are just set up better for LLC's.

Does anyone have any advice on this issue? Is it OK to set up the LLC in Texas? If it is better to be in Nevada, any recommendations for companies/lawyers to use. Just trying to vet this process without being subject to a sales pitch.

Thanks so much.

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