Hi All, this is my first post and new to this forum. Appreciate all the help i can get from you experts.
My question:
I'm CT resident buying a investment property in VA with a business partner( not spouse). Business partner resides in VA. I was wondering whether it make sense to open an LLC and have the LLC name on the property papers ?
Also, what would be challenges to open LLC given one the owner will be from another state? what documents are required to open LLC and what things to be kept in mind when there is a business partner in the LLC. All helps are appreciated. Thanx in advance.
My question:
I'm CT resident buying a investment property in VA with a business partner( not spouse). Business partner resides in VA. I was wondering whether it make sense to open an LLC and have the LLC name on the property papers ?
Also, what would be challenges to open LLC given one the owner will be from another state? what documents are required to open LLC and what things to be kept in mind when there is a business partner in the LLC. All helps are appreciated. Thanx in advance.