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Updated over 4 years ago,

User Stats

9
Posts
0
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Lauren Kail
  • Rental Property Investor
  • Huntsville, AL
0
Votes |
9
Posts

Started LLC out of state, reconsidering that decision, now what?

Lauren Kail
  • Rental Property Investor
  • Huntsville, AL
Posted

I started a single member LLC in Utah upon recommendation very early in my real estate journey, probably sooner than I should have. I'm finally going to be "doing business" and purchasing a property to hold this year in Alabama. It is time for my annual renewal in Utah plus Registered Agent fee, and I'm trying to determine if it is a good idea to renew in Utah and register as a foreign entity here in AL when the time comes, or if I should just dissolve it and start a new domestic entity in AL. My concern is multiple state filing fees, multiple returns, etc.

Any advice from a CPA, RE Attorney, or fellow LLC owner would be so much appreciated! Thanks, folks!

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