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Updated over 6 years ago on . Most recent reply presented by

Sharad Vadher's profile image
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Sharad Vadher
  • from Canton, MA
  • Member since Jun 5, 2018
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Sharad Vadher's profile image
Sharad Vadher's profile image
Sharad Vadher
  • from Canton, MA
  • Member since Jun 5, 2018
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Sharad Vadher
  • Canton, MA
2
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Tax, SDIRAs & Cost Segregation

Out of State LLC beneficiary to Land Trust for Rental Investment

Sharad Vadher
  • Canton, MA
Posted

My Partner and I will be closing a single family rental investment property soon. LLC has multiple benefits with caveat of higher maintenance cost specially states like MA ($500). This may eat up most cash-flow. Land Trust has no recurring cost but misses Asset Protection. Would that be advisable to form an out-of-state LLC (Wyoming or similar other states) and make beneficiary to local Land Trust? Looking for a way to have asset protection and low entity maintenance cost.

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