Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Can a WY LLC own property in another state?
I recently formed a holding company in WY. I was going to form an LLC in Florida to be owned by this WY LLC.
I have a couple of questions before moving forward:
1) Can I just form a child LLC , also in WY, and have THAT LLC own the FL property? (It's going to be a short-term rental)
2) Because of the limited protection of single-member LLCs in FL, can the WY LLC be a one of the "members" of the FL LLC? (Thus making that FL LLC a multi-member)