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Updated over 2 years ago,
LLC type for out of state rental properties
I have done some of my own research on the difference between domestic and foreign LLC's, I'm still unclear what to do as everything I read always has a disclaimer to talk to an attorney and accountant about "my specific circumstances". I'm meeting with my accountant next month and want to go into that meeting as knowledgeable as possible, I'm willing to pay an attorney (but not sure which state they should be in) but again I want to know what questions to ask. Can anyone give me the reasons they did what they did(domestic vs foreign) in this situation? In case there's anyone in exactly my situation, I live in Oregon and the properties are in PA. Thank you BP community!