The “Forming An LLC or Incorporate in the Best State” Scam
As a real estate investor, it’s important when forming an LLC, that’s it done the right way. Having been around for awhile, it’s interesting to me how many things I hear differently about this topic. So, I decided to have my friend and attorney, Lee Phillips, who specializes in setting up LLC’s, set the record straight on this important topic… Forming an LLC in Nevada.
So what are the advantages or disadvantages of incorporating in Nevada?
For years folks have told me they are incorporating in Nevada or putting their LLC in Wyoming, because they have the best laws and much better asset protection. In three words – IT’S A SCAM!!! [Read more…] about Forming An LLC