Floridian looking to STR in NH
When setting up an LLC for STR in another state, do you set up the LLC in your home state (FL) or the state the property is in (NH)?
Reasons why? or why not?
And I'm sure at least someone will say "talk to your CPA" lol .. So can someone recommend a good CPA? I'd really like to have the ball rolling in the right direction from the start.
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Michael Baum
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#2 Short-Term & Vacation Rental Discussions Contributor
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Hey @Keith Morrison, I see. It will be an LLP not an LLC FYI. Make sure it is setup correctly. You should get an attorney to build it up and make sure all the terms are set between both you and your partner.