Updated almost 5 years ago on .
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Creating an LLC in which state
I currently invest out of state in Indiana. Would it be better to create an LLC in Indiana or my home state? Or should I create an LLC in Nevada for example where I hear has great protection? What if I end up investing in multiple states, do I need an LLC for each business in each state? What is my best option and why?
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These are great questions, it looks like it’s time to get an attorney on your investing team. To try to wing it will likely cause you a lot of wasted time, anxiety, and possibly the wrong answers in the end anyway. There are a lot of pitfalls here, you also need a CPA to help with the tax issues. Don’t let fear of fees cause you to make serious mistakes (that will cost you way more than the fees in the end).