Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
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 about 8 years ago on . Most recent reply presented by

User Stats

4
Posts
0
Votes
Brodie Sharpe
  • Dallas, TX
0
Votes |
4
Posts

Outsiders state LLC registration

Brodie Sharpe
  • Dallas, TX
Posted

Hello,

I am new to the real estate world and have an LLC based in Utah. My accountant is completing my tax return and because we are focusing our attention on Texas (even though I haven't made any money yet) has advised me that any company completing transactions in any other state (other than Utah) will have to register in that state.

I contacted the Texas Secretary of State and the fee is $750 but no one can really give me much advice on whether I actually need to register. 

Any advice?

Most Popular Reply

User Stats

112
Posts
52
Votes
Aaron Smith
  • Bountiful, UT
52
Votes |
112
Posts
Aaron Smith
  • Bountiful, UT
Replied

@Brodie Sharpe If you're a business doing business in another state (i.e. Foreign Entity), you MUST register that business in said state. No ifs, ands, or buts about it. For me, I formed in WY, registered in UT (where I live..have to for business banking), MI, and AZ. It sucks, but your wanting to do business as a legal entity and so, must abide by those state's tax laws governing business. 

I believe, however, if you're not going to place your property under the LLC, which it sounds like you are (and should), then you obviously don't need to register there.

Not a CPA but do have a decent working knowledge of business. 

Loading replies...