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Joe S.'s profile image
Joe S.'s profile image
Joe S.
  • Investor
  • from San Antonio
  • Member since May 24, 2020

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Joe S.'s profile image
Joe S.'s profile image
Joe S.
  • Investor
  • from San Antonio
  • Member since May 24, 2020
Joe S.
  • Investor
  • San Antonio
3,400
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Texas Real Estate Q&A Discussion Forum

A LLC question for out-of-state investing

Joe S.
  • Investor
  • San Antonio
Posted

I am looking to buy properties in another state that I do not currently live in. I am looking to set up an LLC just for the new properties in the other state. Should I form an LLC in that particular state? Or should I form my new LLC in the state I'm currently in which is Texas and then register that LLC in the other state?

  • Joe S.
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    Steve S.'s profile image
    Steve S.'s profile image
    Steve S.
    • Lender
    • from Los Angeles, CA
    • Member since Oct 15, 2015

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    Steve S.'s profile image
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    Steve S.
    • Lender
    • from Los Angeles, CA
    • Member since Oct 15, 2015
    Steve S.
    • Lender
    • Los Angeles, CA
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    Steve S.
    • Lender
    • Los Angeles, CA
    Replied

    I think you should set it up in Wyoming, there are a lot of benefits setting up a single purpose entity in Wyoming.

    -Steve

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