ncCPAp on the GO!

I have a client that formed 3 LLC entities for real property located in both GA and LA. The LLC 's were set up in NY through the NYS Department of State. I seem to remember that an LLC must be formed in the sate where the real property is located in order to take full advantage of the entity. The entities were formed a year or two ago. Does anyone have any thinking of this? Would appreciate any input.

Technically not required to be formed in that state but you must register the entity to do business in that state.

Vincent J. Preto, CPA

Senior Partner

Wagner & Zwerman LLP

201 Old Country Rd. Suite 202

Melville, NY 11747

Tel. (631) 777-1000 Ext. 340

Fax  (631) 777-1008 

                   image005.png@01D1E40C.9CB93920">                                        

**********************************************************************************************************************************************************************

This email, and any attachments to it, may contain information that is privileged, confidential, and exempt from disclosure under applicable law.  If the reader of this email is not the intended recipient, you are notified that any use, dissemination, distribution, copying, or communication of this email is strictly prohibited.  If you have received this email in error, please notify the sender immediately by return email and delete the email and any attachments. 

Unless specifically stated otherwise, the written advice in this e-mail or its attachments is not intended or written to be used for the purposes of avoiding penalties that may be imposed under the Internal Revenue Code.