Updated almost 9 years ago on . Most recent reply
In state and Out of state with LLC
What are the concerns with investing in Out of state property with an In state LLC?
For example... my brothers and I are starting an LLC in Louisiana. One of them lives in North Carolina. If we were to find a good deal in North Carolina, would it be disadvantageous to us to purchase that property under the Louisiana LLC?
Most Popular Reply
The laws governing a property / transaction will be those of the state where the property is located, not the entity. That's one issue.
Check with your business attorney to see if a "foreign" entity needs to be registered to do business in NC.