[WSBARP] Community property in LLC

[Kary Krismer]

Again I see that as a choice of law question.  Would Washington apply 
the law of the other state to how the entity should be structured, and 
if so, how would that other state view the ownership interest?  Would 
they consider it to be CP even in a non-CP state?  I have no idea on that.

Kary L. Krismer
206 723-2148

On 1/26/2022 1:04 PM, Chris B wrote:
>
> Today’s discussion about community property got me thinking about an 
> issue….
>
> I have formed a number of Washington LLCs for a client of mine, who 
> are resident in Washington. The LLCs are all for real estate investing 
> and the properties held by the entities are in Washington as well.  
> The owners are husband and wife, so the LLCs are treated as single 
> owner, disregarded entities.
>
> The couple are planning a move to a non-community property state.  
> Once they establish residency in a new state, should we be converting 
> the LLCs to multi-member LLCs, since they will no longer fall under 
> the community property exception?
>
> *Please note our new website and email address as of 1/1/21.*
>
> Chris Benis
>
> First Avenue Law Group, PLLC
>
> 321 First Avenue West, Seattle, WA  98119
>
> 206.447-1900 office – 206.447.9075 fax – www. firstavenuelaw.com
>
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