Filling Out State LLC (Neveda)

[Darian Richardson]

Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.

Early December 2018 I formed an LLC in the state of Nevada due to the possible future benefits. However, I live in Georgia, I speaking with CPA he made me aware that since I am registered in Nevada but live in Georgia, this will pose new challenges or extra money to file.

From our conversation it seems that I have a few options.

1. Close the LLC, and open a new one in Georgia. (Since the LLC is newly formed this will not be massive crisis. However, I would like to avoid this route if possible)

2. Pay an additional fee for filing a foreign entity. 

3. Transfer Nevada LLC to Georgia. ( I am not to sure if this option is possible, but if anyone has done anything like this in the past please let me know.)

I am not to keen on the cost of the options, my main focus would be to set up the foundation of this LLC properly. Eventually I would like to use this LLC to buy a property in it's name instead mine.

Has anyone been in a similar situation, like this? If so, if you have any suggestions or links to read up on please let me know.

[Basit Siddiqi]

@Darian Richardson

Did you form a single-member or multi-member LLC in Nevada?

If the LLC is single-member and did not conduct any activities in 2018, it should not cost much more to prepare your taxes in 2018.
Yes - The accountant should do his due-diligence and read the formation documents and as a result may charge you for reviewing it.

I would not choose option 2, you will still be required to file annual LLC fees with Nevada and have to pay an annual fee for a registered agent.

I would look at option 1 and 3 and pick one that is simpler/cost effective.
What are your goals with the LLC?