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What do I do if I have a Virginia LLC and I move to Washington, DC?
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<blockquote data-quote="GotAnswersm" data-source="post: 2439345" data-attributes="member: 263269"><p>I am the single member of an LLC organized in VA, a disregarded entity for Federal purposes and a pass-through entity exempt from a VA Corporate return. I would like to note that I have the ability to domicile in VA as the address where my LLC is organized is a family address, but I am buying a condo in Washington, DC and am wondering what I should do? DC is going to want me to pay them income tax, switch my Driver's license, & tags... etc... also I plan to take advantage of the "First time DC home buyer" tax credit (which requires owner occupancy).. Is there anything saying I must change my legal residency to where I am residing or can I keep my domicile at a "permanent" address.. should I just change nothing and keep VA as my domicile and have all my business mail sent to my DC address?</p></blockquote><p></p>
[QUOTE="GotAnswersm, post: 2439345, member: 263269"] I am the single member of an LLC organized in VA, a disregarded entity for Federal purposes and a pass-through entity exempt from a VA Corporate return. I would like to note that I have the ability to domicile in VA as the address where my LLC is organized is a family address, but I am buying a condo in Washington, DC and am wondering what I should do? DC is going to want me to pay them income tax, switch my Driver's license, & tags... etc... also I plan to take advantage of the "First time DC home buyer" tax credit (which requires owner occupancy).. Is there anything saying I must change my legal residency to where I am residing or can I keep my domicile at a "permanent" address.. should I just change nothing and keep VA as my domicile and have all my business mail sent to my DC address? [/QUOTE]
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