Hello,

I am looking to buy a couple rental properties and I would like to open an LLC so that I can write off depreciation and expenses (and also have some protections).

I currently live in MA and would be buying rentals in Maine (originally from there).

  1. Would I open the LLC in Maine where I am conducting business or MA where I am currently a resident?

2)Do I open the LLC before or after purchasing property, if after, how would I go about putting the property under the LLC?

  1. I see a large amount of forms on the Maine website, what are the core ones needed to open an LLC?
  • Elements-furyOPBEnglish
    1·
    1 year ago

    More to be able to claim depreciation in assets such as “work truck” and equipment