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Coach
Confirm with a lawyer, make an llc in Wyoming (apparently a very friendly llc state), then make an llc in New York that is owned by the llc in Wyoming.
I’ll caveat that I have not done this because I’m waiting to refinance one of loans from my personal name to my llc, but I do plan to do something similar.
This is more of a legal than accounting question. You’ll have to be registered in VA regardless. It won’t save you any taxes regardless. I’d first confirm the process to register as a foreign LLC in VA and whether there is any increase in annual filing fees or impact on legal protections afforded to you.
I work in a real estate industry focused department and have observed the LLC is generally but not exclusively formed in the state where the property is, regardless if the developer is based in a different state.