Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

22
Posts
5
Votes
Andy Cracchiolo
  • CA
5
Votes |
22
Posts

Question on holding a property in an LLC out of state

Andy Cracchiolo
  • CA
Posted

This is my first post, sorry if its in the wrong category. Question regarding purchasing a property in an LLC out of state.

Basically I'm looking to purchase a property all cash, in Indiana, and would like to hold the property in an LLC in Ohio for example that seems to have the following benifits.

- No annual report

- No Annual Fee

- No state income tax (c corp filing for tax not s corp pass thru)

My question is basically, will I need to file biennial in Indiana if i register as foreign entity in Indiana (I assume this would be necessary to have a rental property with income in that state)

I am less worried about the fee's for registering, but more curious about ongoing maintenance.

From my perspective, if i have to spend a bit more money to register as a foreign entity in Indiana, but I don't have to file each year, the extra cost would be worth it to keep this thing low maintenance.

Any thoughts or suggestions welcome.

Thanks!

Loading replies...