Jigo2k1
December 29, 2006, 9:18pm
1
I am setting out to leave my job and invest in property full-time. I am beginning to setup my business foundation and have a fundamental question.
Is there an advantage to establishing an LLC in Virginia over Maryland (or vice versa).
Are there tax differences for an LLC?
Is there a difference in State level Real Estate Taxes?
Maryland is a very BLUE state – the real estate taxes, from what I saw while living there, were quite a little higher than Virginia’s as was their state income tax…
Keith
Jigo2k1
December 31, 2006, 3:54pm
3
Thanks.
Anyone else want to weigh in? Please!
Jigo2k1
December 31, 2006, 3:56pm
4
Additionally, can I use mailboxes etc… as a registered place of business for the LLC? I will be selling my primary residence in the next few months.
Dave_T
December 31, 2006, 7:20pm
5
Mailing address for correspondence, yes.
Physical address of registered agent, no.
Jigo2k1
December 31, 2006, 8:08pm
6
That’s what I thought. Thanks. I guess I will have to establish LLC in MD, eventhough I prefer VA and will be moving there soon. I really don’t want to wait to get things setup.
Dave_T
January 1, 2007, 12:10am
7
In which state will you be investing?
I will be investing in MD, VA and DC.
Dave_T
January 1, 2007, 1:26am
9
Then form the LLC in the state where you will reside. Register the LLC as a foreign corporation in the states where you will invest but not reside.