Q: If one member of a two member LLC moves to MD from NY, do they have to do anything to be in compliance with MD state law
I am concerned we need to file paperwork as an foreign entity, and will have to file an annual report in MD as well as NY. Please help.
A: Depends on whether the LLC is conducting business in NY. Then you would need to follow NY law in regards to filing entity status. And the person who resides in NY may face different tax challenges than the person in MD. Consult with both NY and MD counsel.
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