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LLC doing business in multiple states
I have a question for the group. I already have an LLC in Florida that I own a rental under, and i want to buy another rental in another state. Can i just register as a foreign agent in the other state (PA) or do i need to form a new LLC.
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#5 Tax, SDIRAs & Cost Segregation Contributor
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#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
Depends on how NV defines "doing business" within NV. Generally speaking an employee physically located within a state may create filing nexus for operating businesses.
Rental RE may be different.
You're never forced to incorporate anywhere, however there are specific circumstances in which you should register with a state's Secretary of State to conduct business within the state.