How to hold the title when investing in another state

[Yusuke Koike]

Hi,

I'm based in IL and own an LLC and considering investing in TX

When purchasing a property there, would it be better to hold the title, in my personal name, my Illinois LLC or by creating a TX LLC?

Leo 

[Ronald Rohde]

We recommend TX LLC, the franchise tax filing threshold is quite high at $2.4m. Otherwise, no tax due.

TX LLC has no annual fees and registering a foreign LLC to do business in TX costs more than a new formation.

Don't put it in your personal name!