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Updated about 4 years ago, 10/26/2020
Pennsylvania LLC Formation Question
Hey BPhilly
I'm currently looking to invest in property in PA, specifically the Philadelphia area. I live in New York State, but my business partner leaves in Philadelphia. We are going to form an LLC for liability reasons. My question is:
When forming an LLC in Pennsylvania, do all members of the LLC have to be current residents of Pennsylvania? (or can 1 or all members live out of state?)
So far I have not found any information online indicating that this would be the case, but I wanted to ask on the forum because I assume people with more experience than myself have better insight.
Thank you,
Harry B.