ilmscore | Prediction Details
"So if you have a liability issue in California, meaning a lawsuit, the judge is going to follow California law, not Wyoming law... if it's a Florida property, it would be a Florida LLC because that's where the damage is going to come from"
By BiggerPockets | September 1, 2025 | Pending
From video
Should You Get an LLC for Rental Property? (Costs, States, etc.) 00:08:23 - 00:08:36
Interpreted Prediction
The LLC for a real estate asset should be formed in the state where the asset is located, as judges will apply the local state law in liability issues, regardless of where the LLC was originally formed or the owner resides.

Prediction Details

Topic
LLCs (Jurisdiction)

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