Cheapest and fastest state for LLC

[SilverLeaf88]

What is the cheapest and fastest location to establish an LLC? Do I need to be a resident of a state to establish an LLC there? What state and LLC type provides maximum protection of personal property from failure of the business?

 

[FlyingRon]

You can not use a LLC for fraudulent activities. We can't help you break the law here. Keep your inquiries about your RE scams in the other thread.

 

[SilverLeaf88]

Why is this fraudulent? I am simply trying to protect myself from a thrid party -- in this case, the timeshare resort company. Isn't that the basis of an LLC? "Limited Liability"

Let's put the question another way? If I didn't own a timeshare today but wanted to buy one as an investment, would it be advisable to purchase a timeshare via an LLC to protect myself in the event that I am not able to pay the maint. fees in the future?

Timeshares are selling for $0.01. If I wanted to bundle several timeshares to resell. Would it be advisable to do this under an LLC? Would that protect me from personal liability if I we not able to find a buyer for the bundle of timeshares?

 

[SilverLeaf88]

OK. I got it. Good explanation at:

http://www.abanet.org/rppt/publications/edirt/2002/2002-2/art-murray.pdf