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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationEstablishing an LLC in a State where you don't reside (to save money!)
Saad Handoo's profile image
Saad Handoo's profile image
Saad Handoo
  • Investor
  • from Atlanta, GA
  • Member since Jul 10, 2015
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Saad Handoo's profile image
Saad Handoo's profile image
Saad Handoo
  • Investor
  • from Atlanta, GA
  • Member since Jul 10, 2015
Connect
Saad Handoo
  • Investor
  • Atlanta, GA
1
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15
Posts
Tax, SDIRAs & Cost Segregation

Establishing an LLC in a State where you don't reside (to save money!)

Saad Handoo
  • Investor
  • Atlanta, GA
Posted Aug 6 2015, 09:27

Hi guys-

I currently reside in IL, want to buy property in NC, and establish an LLC with the lowest initial filing fees and annual statement filing expense. From my conversations with LegalZoom one state that has a low annual statement filing fee is the State of Michigan (something like only 50 bucks to file their annual statements per year). This is much cheaper than the exorbitant $500 filing fee IL has.

LegalZoom will take care of having a registered agent in another state for me. So that should not be a problem. 

Any real estate attorney's know whether this is something I can legally do?

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