Can an LLC formed in one state buy property in another state?

[Marcus Amison]

I am currently a realtor and also looking to form an LLC in the state of Maryland. Can I buy property in my home state of Ohio using that Maryland LLC or would I need to form another one in Ohio?

[Travis Timmons]

The best structure for what you need is a series LLC. My attorney refers to that as a filing cabinet entity. You set up the "master" LLC in your preferred state and then put individual, local LLCs within the series LLC - like files in a cabinet - in the state that you own the property. You'll need to have a registered agent in that state, but there are loads of companies that offer that service for a very low cost.