Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Legal & Legislation
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 7 months ago,

User Stats

308
Posts
307
Votes
Tim J.
  • Investor
  • Vermont and New York
307
Votes |
308
Posts

Foreign entity and in NY/ "doing business" definition in NY?

Tim J.
  • Investor
  • Vermont and New York
Posted
I have a few properties in VT held in LLCs.  Looking at a property in NY.  Creating an LLC in NY is a hassle - all sorts of nonsense about publishing in newspapers for 6 weeks, etc.

I tried to research what it would take to own and operate a rental property in NY with a different state LLC.  I discovered inconsistent answers. 

NY state website has a broken link to an opinion about what constitutes "doing business" in the state. 

It is not clear to me if owning a property and leasing it to others constitutes "doing business"  - in some cases it does not.  

Does an LLC from another state have to register as a foreign entity in NY to own and rent residences?


Has anyone gotten an answer to that from an attorney or NY state govt?  


Loading replies...