So if I get the LLC in WY to do biz in Texas, I need an LLC for Texas while the LLC serves as the Holding Interest? This is good because it's a question I inquire on one of the previous videos. Can it be done in reverse? Get LLC for Texas and then later get LLC for WY? hmmm...
Garrett, I have a service company and would like anonymity and CO protection. Is the following doable and would accomplish that goal? 1. Create a Wyoming LLC, e.g. Widget Holding Company LLC, manager managed with S Corp Election 2. Create a Texas LLC, e.g. Widget Service Company LLC, member managed with Widget Holding Company LLC as the member.
It's difficult to give the correct advice without being able to talk through the details, but my team at Corporate Direct helps people with these scenarios all the time. We offer a free 15-minute consultation to go through all the details when you're ready to form your entities.
What about the State of Delaware?
So if I get the LLC in WY to do biz in Texas, I need an LLC for Texas while the LLC serves as the Holding Interest? This is good because it's a question I inquire on one of the previous videos. Can it be done in reverse? Get LLC for Texas and then later get LLC for WY? hmmm...
Garrett, I have a service company and would like anonymity and CO protection. Is the following doable and would accomplish that goal?
1. Create a Wyoming LLC, e.g. Widget Holding Company LLC, manager managed with S Corp Election
2. Create a Texas LLC, e.g. Widget Service Company LLC, member managed with Widget Holding Company LLC as the member.
It's difficult to give the correct advice without being able to talk through the details, but my team at Corporate Direct helps people with these scenarios all the time. We offer a free 15-minute consultation to go through all the details when you're ready to form your entities.
Why not Delaware LLC? I heard that it was a really good State to form companies.
I am wondering this too. Hopefully, someone answers this question.