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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Domestic vs foreign entities... Posted by hard money lender on April 25, 2008 at 5:47 PM In Reply to: Domestic vs foreign entities... posted by Ward-CA- on April 25, 2008 at 2:05 PM thanks ward, i hope i dont have to get involved with llc's. but if i did, i was also hoping i could stay away from calif. but there must be a good reason why you create the llc in the state where the property resides. i did some reading on both llcs and land trusts - there was mention that out-of-state was more difficult for attorneys to deal with, so that might be better, from a protection standpoint. i am guessing that they were talking about the trustee of the land trust, which in your case would always be an in-state llc. always nice to hear from you. Follow Ups: Re: Domestic vs foreign entities... Brent Carlson 3:04 PM, 04/26/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : thanks ward, : i hope i dont have to get involved with llc's. but if i did, i was also hoping i could stay away from calif. : but there must be a good reason why you create the llc in the state where the property resides. : i did some reading on both llcs and land trusts - there was mention that out-of-state was more difficult for attorneys to deal with, so that might be better, from a protection standpoint. : i am guessing that they were talking about the trustee of the land trust, which in your case would always be an in-state llc. : always nice to hear from you. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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