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Updated about 6 years ago,
What state should I open my LLC in
I live in CT and invest in OH. I recently purchased an 8 unit apartment building free and clear. My thing is, I want to transfer it to LLC. I opened it in OH but I heard its better to open it in my own state. I was going to change it but legalzoom told to me the CT is $279 as opposed to just $99 for OH. So that means id have to pay more to switch it and also the CT tax rate is 6.35 and the OH tax rate is 5.75
Whats your take and advice on that? Should I keep it in OH since thats where i invest or pay more to switch to my own state where i live.