LLC Nuances...changing states?

Question

I have a few properties each with their LLC.
LLC's are in the state of PA, and currently using a registered agent and looking to make a change or two.
Have business with a service that recently opened a branch in DE, which is what started the idea.

Are there any benefits, risks to moving the LLCs to Delaware?
Also, can LLC's 'be moved' ~ so for example a few properties have loans under the LLC name.
Can switching be as simple as signing up w/a registered agent in DE and then transfer from PA?

Not much profit in the business btw, not sure what business requirements or responsibilities would change by moving to DE.

Pixel Rogue · Answer

An unexpected investment opportunity has surfaced so this topic is suddenly top priority.We generally get an LLC per investment property. If we purchase this next opportunity we are thinking of registering in Delaware; in this particular case there would not be additional foreign agent fees from the registered agent. Anyone have an idea on what the fees might be 'annual LLC fees?'Anyone know of changes to tax requirements, reporting etc. if we registered in DE instead of PA?

Basit Siddiqi · Answer

If you have rentals in PA, the DE registered LLC would need to also register as a 'foreign' LLC within PA.This would result in more fees whether it be annual LLC fees or registered agent fees.Many companies will register their LLC in Delaware because of their favorable business case law.

Pixel Rogue · Answer

Thank you for the response. Not concerned about 'the how' as much as hitting problems down the road after the fact, such as new tax responsibilities or problems incorporating in DE when the rentals are in PA etc. For example taxes, currently, are basically pass through and wouldn't want that to change. Maybe in DE passthrough would not be allowed, maybe there would be annual fees etc.

Bjorn Ahlblad · Answer

https://www.wikihow.com/Move-Y...

@Pixel Rogue I am surprised no one has chimed in. I'm no expert so I dug up an easy to follow process for you. Yes it can be done and hopefully many of your questions will get addressed. All the best!

Pixel Rogue · Answer

bump