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Tax, SDIRAs & Cost Segregation

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59
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Seyi A.
  • Flipper/Rehabber
  • Chicago, IL
11
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59
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Fix-and-Flipping with out-of-state entity

Seyi A.
  • Flipper/Rehabber
  • Chicago, IL
Posted Jun 14 2019, 10:34

Hi BP Fam,

If I set up an LLC in, say, Illinois, and then purchase a property in Ohio, renovate and sell it, does that count as "doing business in Ohio" such that I would have to register that Illinois LLC in Ohio as a foreign entity doing business in the state of Ohio? Thanks in advance.

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