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Updated about 9 years ago,

User Stats

13
Posts
2
Votes
Scott Willoghby
  • Real Estate Investor
  • Melbourne, Victoria
2
Votes |
13
Posts

Which state to setup LLC if I'm working 2/3 states?

Scott Willoghby
  • Real Estate Investor
  • Melbourne, Victoria
Posted

Hi,

I tried posting in the Tax & financial forums, but had no response, so I'd like to try here:

I'm intending to set up an LLC early next year, and start wholesaling remotely in 2, maybe 3 states during 2016.

This is how I'll be working:-

  • I find the leads.
  • I pass these leads on to a JV partner in that state (wholesaler)
  • He/She finds the cash buyer and assigns/double closes using a local Title Company
  • My wholesaler receives the assignment fee.
  • I invoice my wholesaler for 50% of this fee.

My question is:- Given that I'm only "invoicing" the wholesaler, do I need to register my LLC in any state other than the one where my LLC has been formed?

Thanks