LLC location
So I am looking to buy a multi unit property in Texas but I live in California. I know I need an llc to protect myself from any litigation. So since I live in CA but the property will be in TX where do I need to form the llc?
[{"id": "fjzib32", "text": "I'm not an attorney but I believe you need to form an entity that's registered to do business in Texas with the Secretary of State.", "replies": [], "depth": 1}, {"id": "fjzj3hv", "text": "Wyoming.  I am not being sarcastic. when your question is I need to form  an llc to protect myself from any litigation.  what state do I form? The answer is always Wyoming.   use a registered agent.", "replies": [{"id": "fjzjz8s", "text": "Interesting. So some questions\n\n1. Why Wyoming?\n2. Having an llc where it\u2019s not even in the state I live or where the property is will protect me?", "replies": [{"id": "fjzr0dd", "text": " [https://mywyomingllc.com/benefits-llc-wyoming/](https://mywyomingllc.com/benefits-llc-wyoming/)  you are welcome. Every deal I do is its own wyoming LLC.. . \n\nThis is how serious players play the game in 2020. Delaware is out Wyoming is in..", "replies": [{"id": "fjztk51", "text": "I like this. I have been reading since your post. It seems like I would still have to pay CA fees yearly but this could save me taxes.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "fk0i6vp", "text": "If he\u2019s doing business in TX it must be in TX, whether it\u2019s formed there or just domesticated.  But once it\u2019s domesticated I\u2019ve never seen much point to having not formed it there in the first place, unless you\u2019re doing business in a lot of states with the same LLC.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fjzr5is", "text": "Talk with your CPA and business attorney.\n\nAn LLC won\u2019t protect you from ALL legal liability, but most real estate is held in an LLC.", "replies": [{"id": "fjzt7sc", "text": "This is correct. The liability benefits of an LLC are overblown. It's fairly easy for most attorneys to pierce the corporate veil if you've ever failed to maintain proper corporate records or commingled bank accounts. Best case scenario, the person suing you \"only\" wins ownership of the property after you've forked out tens of thousands of dollars to an attorney. \n\nBuy liability insurance and an umbrella policy. Its dirt cheap and it let's you actually keep your property if you get sued.\n\nThe only real benefit to an LLC is if there are multiple investors or if you want some privacy.", "replies": [{"id": "fk0h65j", "text": "You're correct in your answer .... in the 90's, LLC's used to be a fortress against lawsuits, now they're little more than tissue paper but for privacy, they are absolutely crucial to owning property.", "replies": [{"id": "fk0m249", "text": "Would you mind if I asked what makes them crucial for privacy? I thought people can just search who registered the LLC and then they would find your name? Sorry for the question just trying to understand the benefit, since here in NYC every single building is owned by an LLC even when it's just a mom and pop landlord", "replies": [{"id": "fk0nwjs", "text": "You would use a registry agent (something like Incorp.com) to register the LLC.  When someone looks that up, all they get is an address of the agent and it is used by hundreds (or thousands) of other LLC's.\n\nNYC is HUGE for LLC's (as it should be) because you can't be dragged into court personally by some shithead code enforcer", "replies": [{"id": "fk0o7s0", "text": "Thanks a lot, super helpful to know!", "replies": [], "depth": 6}, {"id": "fk10h1e", "text": "And what about when you file the Statement of Info?", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "fjztmww", "text": "Thank you.", "replies": [], "depth": 2}, {"id": "fkftill", "text": "I've seen some coming through my portal as sole proprietor.  People are nuts.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fjzsfnh", "text": " You can have an LLc in one state and register it as a \" foriegn corporation \" in another state.", "replies": [{"id": "fjztnck", "text": "Thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "fk17tnk", "text": "I have heard you will have troubles selling the house. Also I think you will have problems if you wanna refinance. Correct me if I\u2019m wrong", "replies": [{"id": "fk19l9j", "text": "Oh I dont know.  That is interesting if thats the case", "replies": [], "depth": 2}], "depth": 1}]