Foreign Qualification of entity for Tax Liens
Hey fellow BP members,
I have this question that have been nagging me.
I understand that the best practice is register the entity in the State that you are buying the property in rather than go through some method advised online where you form the entity in popular States like Nevada, Wyoming or Delaware etc.. This will avoid needing to foreign qualify your out-of-state entity in the State you are buying the property in.
However I am wondering, if I am forming an LLC, with the sole purpose of buying tax liens (I am a foreign national btw), and I don't wish to limit my tax liens acquisition in just 1 State, but instead buy tax liens all over the US..
Do i need to foreign qualify my LLC in EVERY State I buy these liens in? That's gonna be an issue if the answer is yes..
Any help or advise is much appreciated.
Rauf