LP Limited Partnership.

Q : I am a Canadian citizen looking to incorporate in the US. I have acquired a number of residential properties in the west and southwest and I am looking at a one manager/owner-type of business. What would be the best type of incorporation to obtain and does it matter what state I would file my papers in?

A : 1. LP (Limited Partnership) is recommended for the Canadian Citizens to buy properties in USA.

2. You are required to Establish LP in the state where you are buying properties otherwise you have to foreign qualify your LP in the state you are buying properties.

For instance:

You you register LP in the state of State of Delaware and buy properties in the state of Florida. You can form your Limited Partnership in the state of Delaware but since you bought properties in Florida, you are required to foreign qualify your Delaware Entity in the State of Florida.

You can check the prices by using the following link.

https://www.infotaxsquare.com/forms/order-init.php

You can also use the following link to read about more structures to register company in United State.

http://www.infotaxsquare.com/e-book/

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