Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
General Real Estate Investing
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 over 5 years ago,

User Stats

13
Posts
2
Votes
Anurag V.
  • Developer
  • Philadelphia, PA
2
Votes |
13
Posts

Questions Regarding Starting an Out of State LLC

Anurag V.
  • Developer
  • Philadelphia, PA
Posted

Hi All,

My partner and I plan on doing business in the Philadelphia area but want to float an LLC either in Nevada or Wyoming. I have been doing some reading on the internet regarding this subject and have an idea but would like to know what everyone thinks (Any input is appreciated). So here I am wondering if any of you can help direct me in the correct path or connect me to the right people that have been thru this process before.

1. What are the benefits of starting an Nevada LLC vs Wyoming LLC vs Delaware LLC?

2. Do we need to foreign file in the city of Philadelphia or in the state of Pennsylvania if we start an LLC in any of the above states? One or the other or both?

3. Do we need to get a business license in Philadelphia or in the state of Pennsylvania to do business? If yes, What documentation or what is required to do so?

4. Do you recommend wrapping this LLC with a TRUST? If yes, Why and What might be the charges?

Thanks. Look forward for your replies.

    Loading replies...