Transacting business in Virginia with Wyoming LLC
Asked by: russell - 6 August, 2013
If I have a Wyoming LLC and live in VA, do I have to be registered with the SCC to purchase real estate in VA AND establish a bank account?
If I have a Wyoming LLC and live in VA, do I have to be registered with the SCC to purchase real estate in VA AND establish a bank account?
Answered by: Robert Kowalski - 6 August, 2013
Russell,
If you want to purchase an investment property in Virginia you need to use an LLC registered in that state, domestic or foreign. That means you can either register your WY LLC as a foreign entity in Virginia, or register a separate VA LLC (it can be fully owned by WY LLC).
The bank account can be anywhere, doesn't have to be in Virginia.
Russell,If you want to purchase an investment property in Virginia you need to use an LLC registered in that state, domestic or foreign. That means you can either register your WY LLC as a foreign entity in Virginia, or register a separate VA LLC (it can be fully owned by WY LLC).
The bank account can be anywhere, doesn't have to be in Virginia.
