We are flipping properties in Florida, can we hold the properties in our Wyoming LLC?
Estate Planning and Asset Protection for Rental Property Owners
We have a holding company LLC in Wyoming that owns a rental property LLC and a Kansas LLC. We are flipping properties in Florida. Can we hold the properties in our Wyoming LLC, the holding company, while using another Wyoming LLC registered in Florida to market and sell the Florida properties?
Question ID: 6604665 Status:
Open Feb 19, 2025 - 12:30 PM
1answer
Answer
Feb 19, 2025 - 12:30 PM
If I'm understanding correctly, the Wyoming, initial Wyoming company that's holding the Kansas LLC that's holding the rental property, it sounds like it's operating as a holding company. So I wouldn't take a rental property and fund it directly under the whole Wyoming holding company.
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