Nevada LLC Buying In Other States

Comments(6)

• 
  bscivolette20th May, 2005

  Most likely a foreign corporation fee, but I am not totally sure.

• 
  bscivolette21st May, 2005

  Hey joecrane,
  
  you seem to have all the answers on every topic? Are you a lawyer or do you just spend a significant amount of time in the industry? Thanks for all your help

• 
  bscivolette21st May, 2005

  Hey Willa,
  
  FL Foreign corp fee is $70.00 - www.myflorida.com
  MD Foreign fee comes in a few seperate charges, somewhere between $200-350

• 
  bscivolette22nd May, 2005

  Well best of luck, you have certainly helped me!

• 
  joecrane24th May, 2005

  John,
  
  Although the poster asked if he had to register in the states to purchase property, I think his intent was asking if he had to register in order to run an RE business such as buying property to rent. In such case, he would (in my opinion) need to register as a foreign corp to do that.

• 
  bscivolette31st May, 2005

  An LLC is a pass thru style corporation allowing an individual to run the entire corp and be subjected to limited liability . The benefits are just that, if conducting business and a client decides to sue, you as the owner have a limited liability thus shielding yourself and your personal assets. Also, you can choose to be taxed as a sole proprietorship or corporation, so depending on the state you can make an eductaed decision and choose the most beneficial.
  
  In addition, an LLC as opposed to the C or S-corp can be run by 1 person. You can be the CEO, chairman, etc.