Question on holding a property in an LLC out of state
This is my first post, sorry if its in the wrong category. Question regarding purchasing a property in an LLC out of state.
Basically I'm looking to purchase a property all cash, in Indiana, and would like to hold the property in an LLC in Ohio for example that seems to have the following benifits.
- No annual report
- No Annual Fee
- No state income tax (c corp filing for tax not s corp pass thru)
My question is basically, will I need to file biennial in Indiana if i register as foreign entity in Indiana (I assume this would be necessary to have a rental property with income in that state)
I am less worried about the fee's for registering, but more curious about ongoing maintenance.
From my perspective, if i have to spend a bit more money to register as a foreign entity in Indiana, but I don't have to file each year, the extra cost would be worth it to keep this thing low maintenance.
Any thoughts or suggestions welcome.
Thanks!