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Reply with quote | #1 |
I soon will be purchasing properties in South Carolina and Hawaii. My other properties are in separate LLC's in AZ. I want to set up a Nevada or Wyoming entity to add an extra layer of protection and use a nominee service for the new entities. Can I do business in both states as a foreign entity? Should bank accounts (to collect revenue) be in Hawaii and SC or in Nevada/Wyoming? |
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Reply with quote | #2 |
I would recommend setting up a Nevada or Wyoming LLC that was the member of LLCs that you set up in Hawaii and South Carolina. You could set up a Nevada/Wyoming LLC and qualify it as a foreign entity to do business in Hawaii and also in South Carolina, but if you are going to be setting up multiple LLCs in these states it would be easier to have one main Nevada or Wyoming LLC that was the member of the LLCs set up in the various states. Please give us a call to help you with this structure and answer any questions this structure raises. |
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