4 ms·
I have a property I rent out for $800/mo for 11 months/yr, and wanted to out it in an LLC for liability reasons. At $800/yr, the LLC would be my second largest
by djrogers 5y ago
I have a property I rent out for $800/mo for 11 months/yr, and wanted to out it in an LLC for liability reasons. At $800/yr, the LLC would be my second largest expense by a large amount, so the confiscatory fee effectively made it impossible to do this.
My only option is to use an out of state LLC, for which California gets less than nothing - not only do they not get my fee, but they get less reporting and regulatory control as well.