Setting up an LLC at my (potential) business partner's address

[bradcooper]

She lives in Nevada, so the tax benefits of setting up my LLC there are obvious (I live in California), but what are the ways she can take advantage of my LLC being registered there? Should I be concerned, especially if I'm due royalty payments that would (theoretically) be going to that address, six hours from where I physically live?

[ciaossu]

Wherever you conduct business, your business needs to be registered in that state. The goal is to decide where to LLC your company when deciding it's home state and then a foreign LLC in the other state. If you guys plan on conducting business out of California and Nevada, the LLC should be registered in both states with one of them (or maybe neither of them) being the home state for the LLC. Depending on what type of business, what your plans are, this can vary. You should consult an attorney can better consult you on this. That said, you should have legal documentation drafted up for your partnership to protect the both of you regarding doing business together.

[Don M.]

It would certainly be best to consult an attorney. They might just end up saving you money by making you aware of opportunities.