TriState Business Structure Needed
I need to setup an LLC/LP for my holds and
a separate Corp for earned/active. Pretty simple ahe?
The trouble is I need it to cover me for three states
all within 20 min. Do I do them home state then file for foreign status?
And How are the tax returns gonna need to be delt with.
Could I do active/earned income through the LLC as GP of the LP or does it need to be separate?
Whats the least expensive and most simplest structure?
Metro
Hi Metro,I do not know the costs to form an LLC or LP or Corp in your area. As you might know prices are all over the board in various states. You can file one Corp (I personally think is best) and qualify it as a foreign corp in the other states, or form a seperate corp in each state, owned by the one corp in the state of your choice. The costs to qualify them (to my knowledge) is the same as originating a seperate enity. And you will have to file taxes seperately anyhow, so that'll be no difference. Other than Federal, but done right can work to your advantage... check it out! Good luck![ Edited by ozzie on Date 03/21/2004 ]