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Updated over 2 years ago,

John Castillo's profile image
John Castillo's profile image
John Castillo
  • from Richmond, VA
  • Member since Mar 7, 2017
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7
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17
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John Castillo's profile image
John Castillo's profile image
John Castillo
  • from Richmond, VA
  • Member since Mar 7, 2017
Connect
John Castillo
  • Richmond, VA
17
Votes |
7
Posts
Tax, SDIRAs & Cost Segregation

What happens if I don't annually renew my LLC with the state?

John Castillo
  • Richmond, VA
Posted

I bought a property almost a year ago in the name of an LLC. Now that a year has gone by, the state is asking me to renew the LLC. Do I need to renew it? What happens if I don't? I assume if it expires, someone can't create an LLC in the same name and just claim ownership of my property, right?

Richmond, Virginia
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