speedway121
Junior Member
What is the name of your state? California
Hello,
I am a landlord living in CA with a rental property in NV. I need to setup an LLC or FLP immediately due to the possibility of a lawsuit coming from my previous tenant.
I dont know if I should form a FLP or LLC or what the differences are?
Do I form the LLC or FLP in Nevada or in California? Which is better?
Can I form a NV LLC or FLP while I live in CA?
Which state is more advantageous law wise to setup an LLC or FLP?
For full protection, I was told to setup a LLC for the rental property and then a FLP to incorporate the LLC + my bank account.
PLease help as this is urgent! I need to setup the LLC or FLP tomorrow!!
Hello,
I am a landlord living in CA with a rental property in NV. I need to setup an LLC or FLP immediately due to the possibility of a lawsuit coming from my previous tenant.
I dont know if I should form a FLP or LLC or what the differences are?
Do I form the LLC or FLP in Nevada or in California? Which is better?
Can I form a NV LLC or FLP while I live in CA?
Which state is more advantageous law wise to setup an LLC or FLP?
For full protection, I was told to setup a LLC for the rental property and then a FLP to incorporate the LLC + my bank account.
PLease help as this is urgent! I need to setup the LLC or FLP tomorrow!!