-
What is a registered agent and why do I need one
Most people that own investment real estate in the USA own their property in an entity. This can be any type of entity a corporation, LLC or LLP etc. most people use an LLC so I will assume that is the case. The property is held in the LLC to protect the owners’ liability. If…
-
My LLC is registered in a State that has no income tax, I don’t have to pay tax on my profits, correct?
No. You must pay income tax to the IRS on any profit you make, and you must pay income tax where you made the profit, not where your LLC is formed. So, if you made profit in a state that had a 10% tax rate, you’d pay 10% income tax, regardless of where you were…
Knowledge base topic: