Leasing Property in another State

**entrepreneur513** · 02-16-2009 03:17 PM

Last year, I set up my LLC in Ohio.

I want to move to New York... will it be an issue for me to rent a house up there with my Ohio LLC? Will I have to make a new one, in New York?

**TylerBakerllc** · 02-16-2009 07:40 PM

If you will be doing regular business in New York only, the proper thing to do would be to set up an LLC there.

However, (I am not a tax expert nor an attorney and none of the following advice should be misunderstood as such- The legal stuff :-)) you can certainly get by with your Ohio LLC unless you are transacting a ton of money and someone wants to nail you.

**BusinessAdviser** · 02-16-2009 09:48 PM

Originally Posted by TylerBakerllc

If you will be doing regular business in New York only, the proper thing to do would be to set up an LLC there.

However, (I am not a tax expert nor an attorney and none of the following advice should be misunderstood as such- The legal stuff :-)) you can certainly get by with your Ohio LLC unless you are transacting a ton of money and someone wants to nail you.

No reason to set up the LLC in NY unless there's a real advantage to doing so. Just make sure you are aware of any rules regarding registering a foreign business when doing business there.