Question on where to register an LLC for my a holding Company
Long time lurker but first time poster here. My partner and I are forming Holding Company that we are debating where to register. We are both based out of California which would be the obvious state to register the LLC in but a lot of research points to registering in Delaware. 

Has anyone had any similar experience/any advice?

Thanks everyone!
[{"id": "gi7hpg0", "text": "California.", "replies": [{"id": "gi7j4zy", "text": "Can you elaborate a little?", "replies": [{"id": "gi7mh1m", "text": "Exactly what advantages are bringing you to consider DE? \n\nBecause it's a tax-friendly state?  That probably won't affect you much at all.\n\nBecause it's cheaper?  You will still have to pay to register as a foreign LLC in CA otherwise you can't conduct business there, while paying your registered agent in DE. Don't forget annual franchise tax in two states.\n\nCourt of Chancery and Business Laws?  Chances are you will never be in a position to take advantage of either.  Also, states like CA are always improving their business laws and they aren't as outdated as one may think.\n\nAnonymity? Nothing is as anonymous as you think including a Delaware LLC.\n\nUnless you have a large amount of intangible assets, just register in CA.", "replies": [], "depth": 3}, {"id": "gi7wv4d", "text": "California is great because you get a bill for $800 each year from the CA Dept of State. /s\n\nHere's the deal, you either pay a lot up front and don't pay much per year, or you pay a little up front and pay a fee each year. Check to see what your fees are in your state, and lean towards that, unless you'll be doing a lot of biz in a certain state and you might want to inc there.\n\ncheapest llcs on the internet http://amerilawyer.com/  \n\nI forgot what sub i'm in.....CRE. Setup your corp in your state.  Save you headaches.", "replies": [], "depth": 3}, {"id": "gi902lm", "text": "Yes. Consult with local counsel or a CPA. People who are actually serious seek tax advice from actual professionals and not google.", "replies": [{"id": "gibexia", "text": "I have a meeting with my cpa/lawyer just looking to get people's initial thoughts before having that meeting", "replies": [{"id": "gibrobz", "text": "Don't. Just stick to the professional advice. They're licensed and know the law. They're privy to the whole fact pattern.\n\n-\n\nBut hey, you do you.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gi7ivmb", "text": "Wyoming -&gt; California?", "replies": [], "depth": 1}, {"id": "gi7lckj", "text": "Where is the asset located that you plan to place in the holding company? I'm based in CO and LLC fees are low here so I have always formed here, but am slowly learning that most states require you to register as a foreign entity to do business there, which just doubles up the annual fees (or more). They may not get you on the way in, but the title company will typically get you on the way out and not let you sell without a certificate from the state the asset is located in. It varies on whether local utilities etc will let you open accounts without being in the local state's database.\n\nIf the entity is a pass-through for tax purposes, as it most likely is for real estate, I don't think forming in a tax-favorable state makes a difference.\n\nIf I'm wrong on the above please correct. Not a tax specialist/accountant/attorney etc etc.", "replies": [], "depth": 1}, {"id": "gi7m59p", "text": "Form it in the state where the asset is located.\n\nDelaware is for corporations, not LLCs.\n\nYou will most likely have to register the out of state LLC in California, so you save no fees/taxes by registering an LLC in another state.\n\nWhat benefit(s) are you seeking by forming it in Delaware?", "replies": [], "depth": 1}, {"id": "gi80lg9", "text": "No disrespect but if you were actually serious you would discuss with an actual professional. Have you consulted with local counsel or a CPA? If not, what are you waiting for?", "replies": [], "depth": 1}, {"id": "gi8y7zu", "text": "There seems to be confusion between an SPE vs the parent holding company. SPE should definitely be in the property state, but your hold co can be anywhere. DE would provide privacy. \n\nThe new federal legislation seeks to overturn the states though.", "replies": [], "depth": 1}, {"id": "gi92ipc", "text": "Delaware is not appropriate for most types of companies. Are you gonna be a publicly listed REIT? If so you should reconsider your career choices because no one smart enough to run a REIT should be stupid enough to ask this on the internet. And then, if yes, delaware would be an appropriate venue to locate the company.", "replies": [], "depth": 1}, {"id": "gi9fy11", "text": "Talk to bizfilings.com.  They were very helpful for me. .", "replies": [], "depth": 1}, {"id": "gld1q43", "text": "Delaware LLC filed as a foreign corporation in California. It is a very simple process", "replies": [], "depth": 1}]