Best state to form an LLC
Hi guys,
I'm a real estate investor from Germany. I own some single-family homes in the Austin area and would like to move them from my personal name into an LLC. After months of waiting I have finally been assigned an ITIN that allows me to form this LLC. I read some articles about LLCs and that it might be important to select the "right" state for ideal asset protection. My questions now:
What state should I form this LLC in? (I own single-family units in TX and would like to buy multi-family houses in FL, GA, TN or TX in the near future). So I am planning to grow my portfolio quite a bit. Does it really make a difference or should I just form one in Texas, since this is the location of my current properties?
Thank you very much in advance for your help.
Regards,