I need to setup an LLC for a partnership where one member is in NC and another (myself) is in IL.
I am thinking to register the LLC in IL, because that is where I live.
If our LLC is registered in IL, will there be any tax implications for my partner in NC as it relates to IL taxes? Or, will he simply pass his share of business income to his personal tax return and file a schedule C as normal, meaning his state filing woudl only be with the state of NC and no IL state filing would be needed?
Any help would be greatly appreciated.