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379: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions

Main Street Business

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The State You're Buying Assets or Property

If you're buying real estate, we're going to set the l o c up in the state that that i r a l o c is buying real estate. If you buy michigan properties, and then you buy pennsylvania, we'll set up in michigan and register it for on intoPennsylvania. One thing she alluded to in her question was it makes transactions easier to do the llc. And i do want to eco that comment, because as you're collecting rent paying bills, you get to be the manager of this llc. That's totally or an, sorry, that is totally, uh, allowed. We have a broadcast on prohibited transactions.

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