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<p>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.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 1/26/2022 1:04 PM, Chris B wrote:<br>
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<p class="MsoNormal">Today’s discussion about community property
got me thinking about an issue….<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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?
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>Please note our new website and email
address as of 1/1/21.<o:p></o:p></b></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Chris Benis<o:p></o:p></p>
<p class="MsoNormal">First Avenue Law Group, PLLC<o:p></o:p></p>
<p class="MsoNormal">321 First Avenue West, Seattle, WA 98119<o:p></o:p></p>
<p class="MsoNormal">206.447-1900 office – 206.447.9075 fax –
www. firstavenuelaw.com
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