Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply presented by

User Stats

158
Posts
158
Votes
Rob Hakes
  • Murray, UT
158
Votes |
158
Posts

Should I get a business license ?

Rob Hakes
  • Murray, UT
Posted

I am debating the pros and cons of getting a business license.  I have heard several options going each way.  Here are the basics of my situation:

I am the trustee of a trust that owns an out of state rental turnkey property in Alabama.  It is fully managed by a local property management company.  Would i need to get a business license in Alabama for this property?  How would I register this if owned by a trust?

I have heard that because I am not doing any business operations in the state then I don't need to register with the state.  

Does anybody have any insights or suggestions for my situation.

I can offer more details if this does not make sense.

Most Popular Reply

User Stats

324
Posts
267
Votes
Brendon Woirhaye
  • Rental Property Investor
  • Whittier, CA
267
Votes |
324
Posts
Brendon Woirhaye
  • Rental Property Investor
  • Whittier, CA
Replied

I get business licenses for all of my rental properties (where the city will cooperate - I have one city who did not respond to multiple queries about whether they required a license in my situation).  My position is that you should do your due diligence to comply with appropriate laws and pay the required fees.

I cannot answer for your Alabama, you might try contacting the city where your property is.

Loading replies...