Exception to registering as foreign LLC? - Posted by Sean(PA)

Posted by Sean(PA) on April 04, 2002 at 05:22:14:

thanks bill!

Exception to registering as foreign LLC? - Posted by Sean(PA)

Posted by Sean(PA) on April 02, 2002 at 14:43:02:

I created a Nevada based LLC to hold my real estate I purchase in PA. I use a C-Corp to handle the property management for the properties in the LLC. Do I have to register the LLC as a foreign LLC in PA?

Below is a link I got from PA’s Dept. of State stating that there might be exceptions for not filing:

http://www.dos.state.pa.us/corps/Excluded.htm

Below is an excerpt from the link:

Inspecting, appraising and acquiring real estate and mortgages and other liens thereon and personal property and security interests therein, and holding, leasing, conveying and transferring them, as fiduciary or otherwise.

any opinions???

Re: Exception to registering as foreign LLC? - Posted by William Bronchick

Posted by William Bronchick on April 03, 2002 at 20:25:53:

If you regularly buy, lease and sell properties in PA, you need to register as foreign entity.