New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

Answers

Real estate purchase in the US

Asked by: Linda  — 8 September, 2013

Hi I want to buy a real estate property in California, according to your recommendation that I should register a LLC in California rather than in Delaware. Why? What is the cons’ and Pro’s

Answered by: admin  — 8 September, 2013

Linda,

If you plan to own a real estate property with an LLC, this LLC must be registered in the state where the property is located. So if you buy a California property using a Delaware LLC you will need to register that LLC in California as “foreign entity“. In other words, it’s simpler and cheaper to just register an LLC in California.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0