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Randall S Rhyne
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Investing out of state - where should LLC be 'located'?

Randall S Rhyne
Posted

Hello all - simple question that I can't figure out.  The question:

I live in North Carolina, am considering being the bank for a property in Texas. I'd buy the note through an LLC. I think the LLC should be housed in NC, but I've been told it should be housed in TX as that's where the property is...

Does any KNOW the answer to this?  Thanks all in advance.

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