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Updated almost 4 years ago,

User Stats

9
Posts
2
Votes
Kealan Hobelmann
  • Rental Property Investor
  • Philadelphia, PA
2
Votes |
9
Posts

Out of State Investing: LLC in Home State or Investing Location?

Kealan Hobelmann
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi all, I currently live in Philadelphia and am planning on investing in the city over this next year under an LLC with a partner. However, I'll likely be moving to Maryland in the next year where my business partner currently lives. We plan on continuing to invest in Philly even after the move. Would it make more sense to open an LLC in PA (where we will be investing and where I currently live) or in MD (where my partner lives and where I will be moving)?

Of note, it looks like we would need a PA address to have a PA LLC. Obviously I can use my home address for the next year, but not sure what I would do in a year.

Thanks in advance for the help!

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