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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationOut of State Property - Where to form LLC?
Luke Moczydlowski's profile image
Luke Moczydlowski's profile image
Luke Moczydlowski
  • Real Estate Investor
  • from Bartlett, Illinois
  • Member since Jun 15, 2017
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Luke Moczydlowski's profile image
Luke Moczydlowski's profile image
Luke Moczydlowski
  • Real Estate Investor
  • from Bartlett, Illinois
  • Member since Jun 15, 2017
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Luke Moczydlowski
  • Real Estate Investor
  • Bartlett, IL
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Tax, SDIRAs & Cost Segregation

Out of State Property - Where to form LLC?

Luke Moczydlowski
  • Real Estate Investor
  • Bartlett, IL
Posted Oct 15 2018, 18:41

Myself and two of my partners are purchasing a multi-family rental property in Wisconsin. My partner and I are residents of Illinois. Our third partner is a resident of New York State. Where should we form the LLC? In Wisconsin or Illinois? What are the pros and cons of each? Does Illinois LLC offer more protection than a Wisconsin LLC? Also are there any differences when it comes to taxation?

Any advice you can provide is appreciated.  Thanks!
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