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Kashyap Shah
Pro Member
  • New to Real Estate
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Asset Protection : LLC Formation for First Investment

Kashyap Shah
Pro Member
  • New to Real Estate
Posted Feb 22 2024, 13:34

Hello ,

I am Kash from San Jose,CA and I am a Rookie in the world of real estate investments. 

I am planning to buy my first investment property in Austin, Texas. 

I have a few questions related to LLC formation . I have heard that forming a Wyoming LLC is better for asset protection. So I do have following questions :




1) What are the benefits and drawbacks of forming an LLC in Wyoming versus Texas?

2) How will Wyoming's laws and regulations affect the management and operation of the LLC?

3) Are there any specific requirements or compliance issues for an out-of-state LLC owning property in Texas?

4) Are there any restrictions or limitations on the LLC's ability to purchase, sell, or finance property in Texas?

5) Are there any other legal or financial considerations I should be aware of?



I'd appreciate any guidance or recommendations. 

Thanks ,

Kash

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