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Updated about 10 years ago on . presented by

Paul Hoeppner's profile image
Paul Hoeppner's profile image
Paul Hoeppner
  • Investor
  • from Las Vegas, Nevada
  • Member since Jun 23, 2014

User Stats

39
Posts
17
Votes
Paul Hoeppner's profile image
Paul Hoeppner's profile image
Paul Hoeppner
  • Investor
  • from Las Vegas, Nevada
  • Member since Jun 23, 2014
Paul Hoeppner
  • Investor
  • Las Vegas, NV
17
Votes |
39
Posts
Tax, SDIRAs & Cost Segregation

LLC in IL, registered agent for out of state

Paul Hoeppner
  • Investor
  • Las Vegas, NV
Posted

I'm in the process of purchasing a small apartment building with a partner.  I reside in NV and he resides in IA, and the property is located in IL.

1. Would it be best to setup an LLC in the state of IL or one of our homes states?

2. Are we even allowed to setup an LLC in the state of IL, or are we better off setting up an LLC in Nevada/Iowa and just apply to transact business in the state of IL since neither of us are residents?

3. Does anyone have experience with option #2 and what the typical timeline for the process to apply to transact business in IL as a foreign corporation would be?

Thanks in advance!

Paul

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