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Updated almost 4 years ago,
setting up LLC for out of state investment property
Hello BP,
I recently purchased a duplex in Pennsylvania and am planning to put it under an LLC. (I am aware I should have set up the LLC before hand) I have received a lot of conflicting feed back from the research I've done/people I've consulted regarding what state I should register the LLC. I currently live in New York, what state would make the most sense (financially) to open up and LLC for my property in PA: in the state the property is located; in the state I currently live in; in some other state that has low income tax?
Thanks in advance