Where to form an Llc?
Hello,
First post here, and total newbie. My wife and are in the process of closing our first investment property in the Lake Tahoe Area (California side)
We live in California and would like advice in which state we should open up an LLC and and put title under. After reading Loopholes in real estate by Garrett Sutton, he states the many advantages of forming an LLC in Nevada over states like CA. This will be the first of hopefully many investment properties, and would like to set the right strategy out of the gate.
The question, is there any reason why I should not form a Nevada LLC while doing business out of CA? Our one and only investment property will be in CA until until we are able to expand to other areas.
Also, should we form a separate LLC to hold title under and one to do business under?
Thanks in advance for your help and guidance!
Best,
Mike