What's next, purchase is easy-ownership & biz structure harder.

[Kapu Mamiya]

I am in the final stages of closing, just waiting the for underwriter to fund the loan. We purchased a home out of state and wondering what are the next steps?

home owners insurance

additional insured for property manager

business license in the state which I purchased

set up an FEIN 

I hear I need a business license in the state which we purchased the house. The question is LLC vs. business license. If I purchased a property in Idaho but had assets in a trust out of Hawaii, could my ID tenants sue in for the assets in the Hawaii trust? I have homeowners insurance in ID but would we better protected by forming an LLC out of Idaho.