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Updated almost 4 years ago,

User Stats

20
Posts
3
Votes
Raymond Simms
3
Votes |
20
Posts

Put Virginia property in MD LLC or create VA LLC

Raymond Simms
Posted

I moved to Baltimore MD from Fairfax VA, but kept a rental property in Annandale.

Is it better to create a Virginia LLC just for this rental property, or should I place it into my existing MD LLC?

I've done some research and it seems like the MD LLC would have to register as a "foreign" company to VA, and it's not clear how much the annual costs would be. My reading of setting up a Virginia LLC requires a registered agent with a VA address - operationally it means that I'd pay a website or layer annually to act as a registered agent.

Does anyone have a similar experience?  

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