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Updated over 1 year ago,
Need advise for LLC formed where investment prop is located
For out-of-state investors who formed an LLC in the state where the investment property is located, did you have to file for qualification as a foreign LLC in your home state? Just looking for clarification because it is my assumption that you will be maintaining financial books, opening a bank account, and possibly working with your tax accountant in your home state. Are these considered business transactions in your home state? Thank you for the advise.