ForumsCryptocurrencyQ&A – Which State to Open LLC for IRA LLC Account at Gemini Crypto Exchange

Forums Cryptocurrency Q&A – Which State to Open LLC for IRA LLC Account at Gemini Crypto Exchange

  • Q&A – Which State to Open LLC for IRA LLC Account at Gemini Crypto Exchange

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  • George Blower

    Top SubjectPrivate: My Community Webinars,Mega Backdoor Roth Solo 401k
    Top ForumsPrivate: My Community Webinars, Mega Backdoor Roth Solo 401k

    George Blower

    George Blower

    Top SubjectPrivate: My Community Webinars,Mega Backdoor Roth Solo 401k

    July 28, 2021 at 6:44 pm

    QUESTION:

    Any tips on opening an LLC? Does it matter which state you open your LLC compared to your residency? Are there preferred states to open a LLC?

    RESPONSE:

    In our experience, most clients simply choose to open the LLC in the state where they reside to avoid having to pay the annual cost for registered agent services (if the LLC is registered in a state where the individual does not reside) and to avoid having to maintain the LLC in multiple states (e.g. in order to open a bank account in your state for an LLC formed outside of your state the bank may want to see that such LLC is registered in the state where the bank account is opened).

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