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For a real estate investment LLC, do I need to have a business license as well?

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Question by ibkid i: For a real estate investment LLC, do I need to have a business license as well?
I am forming a Nevada LLC to hold my real estate, for asset protection purpose. Do I need to have a business license as well? I understand that if it is an active business, I would need to have one. However, this is a passive entitiy, holding my properties for asset protection only. Just not sure if I really need to go register and get a business license and spend the 0 fee.

Best answer:

Answer by pq glen
you need the license. there is no passive entity it is alive or not

Know better? Leave your own answer in the comments!

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  • Blaugh!

    No, you don’t need a business license. You (as a person) can be the sole member of the LLC.

    Nonetheless, I would speak with an attorney and accountant about the best way to structure such an entity, in order to maximize your protection against liability and minimize your tax burden.

  • Vince

    Wow. Two diamettrically opposed views. Guess I’ll have to sort this one out myself.

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