Real estate purchase in the US

Asked by: Linda - 8 September, 2013

https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8

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: Robert Kowalski - 8 September, 2013

https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c

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.

Comments:

Ask Incorporation Question:

Payroll Processing

Get the simple, powerful payroll you deserve.

Our firm recommends ADP because our clients get access to simple payroll and HR solutions that fit their business needs, backed by 24/7 expert support.

If interested, please click on the logo above and get in contact with the leading company in payroll processing.

Payroll Processing Solution

Web Hosting Services

Get a Host that you can trust.

We recommend our clients to InMotion Hosting because they are an award-winning, reliable, and experienced Web Hosting Service provider.

Click on the logo above to receive access to discounts (up to 50%) for hosting services such as Business Hosting, VPS Hosting, Dedicated Servers, Reseller Hosting, and WordPress Hosting.

Web Hosting Service Solutions

Disclaimer:

This answer has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising. MyUSACorporation.com do not assume any responsibility for harm or damage resulting from the use of this information in any way. For more information please see our Terms of Service.

Please note that according to IRS Circular 230 to ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this writing was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein.

Real estate purchase in the US

Comments:

We Want To Connect With You!

Need help?

Thanks for visiting!