E.g., Master LLC formed in Nevada has one of its series LLC's do business in New York. Is this legal?
There should be no problem. An LLC organized in one state can do business in any other state. However, the LLC must register as a foreign LLC in the other state, e.g., New York.
I agree with Mr. Sprang. In PA this is referred to as a certificate of authority. There are various fees to be paid for doing so in our state and I suspect there will be fees in New York as well. Also, be aware that the series will have to file returns in both New York and NV.
Get with a tax/business attorney to confirm these general comments and to see if there is a better way to go here.
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