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Updated almost 7 years ago on . Most recent reply presented by

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Sylvia Tsai
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7
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LLC Legal & tax protection structure 4 Calif prop with 1 member?

Sylvia Tsai
Posted

I am 1 person don't like to get my family involved, how can I structure an LLC to utilize the Trump new tax deduction and legal protection when california don't recognize 1 member LLCs and loose all the LLC legal protection?

I heard if I use 1 member LLC from WY and have california LLC in it, still the california will apply california law (dont recognize 1 member LLCs).

Will having an entity be my second member work or will it be penetrated?

Will having 2 members california LLC still benefit from new Trump's sole proprietor tax deduction code from last week?

Anyone with real life experienced with 1 member california LLC law suits last few years? does it have protection?

I am open to any other creative ideas?

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