LLC Setup: Holdco Out of State for identity protection
LLC structure related with out of state LLC Holdco to protect identity. I have an LLC in Texas, live in Texas, would like to transfer this llc to be Sub of out of state holdco. I will setup more LLC subs in TX. I want a Holdco in a state to protect identity, like WY to hold these LLCs. The out of state motivation is identity protection, not tax benefit. The tax benefit from the holdco would be to hold assets to benefit all LLCs. Question: How complicated will this make 1) tax returns and 2) setup costs? Will I have to file a return in Wyoming for the LLC subsidiaries in TX, or just the WY holdco? Vice Versa?
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