U.S. commonwealth LLC question

[howru]

I have royalties coming in from old projects, an active stock portfolio, 3 tiny businesses that appear primed to grow, and am looking to get into real estate. Right now, I'm handling everything as a sole prop and I'm looking to file an LLC to umbrella and manage my cashflow and liabilities more effectively (and pay myself minimum wage, for tax purposes, etc).

My question is: I'm thinking of moving to a U.S. Commonwealth (likely either Northern Marianas or Guam). I searched on google to try to figure out if it would be smarter to file my LLC there or pick one of the low-tax states (looking at Nevada because it seems the most real estate-friendly) and pay an agency. couldn't find much useful info about Commonwealth filing.

So... should I file in my new commonwealth home or in a state?

 

[hknight]

@howru Puerto Rico can be a good option since the federal income tax does not apply, they have a higher income tax but many breaks are available depending on the sources of your income.

 

[howru]

@hknight Thanks! I like Puerto Rico. Do you know how well PR stacks up against Guam or Nevada?

 

[maggiebells]

@howru reach out to InF and they can do it for you for free

 

[howru]

@maggiebells So... you don't know about filing an llc in a Commonwealth and just wanted to repeat what we already know?