Forming a Holding Company

[Manuel Prado]

Hello everyone I have some LLCs in the state of Michigan where I keep my rentals. I am looking to form a holding company where my current LLCs will be under. Does anyone have experience with this? Could you share where have you form this holding company? Did you form another LLC as the holding company or a corporation or any other kind of entity? Did you form it in the same state where you run your rentals (in my case MI) or did you form the holding company in another state?

Thanks in advance for your help BP members. 

[Chris K.]

@Manuel Prado

Don't know if @Roberto Lobrace has any other reason, but many folks believe that Wyoming law is very favorable when it comes to LLCs. Here are some videos discussing the benefits. The second video also talks about Nevada and Delaware. 

https://www.youtube.com/watch?v=xAkA8QxbGvU&t=219s

https://www.youtube.com/watch?v=CD-Fp_sclok