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Updated over 5 years ago on . Most recent reply
LLC - Investing out of state?
I am looking to register a LLC in the state I live but I am looking mostly out of state for investing? Is this an issue? Or should I form a LLC in each state that I invest in?
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Greg Scott
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Greg Scott
#3 General Real Estate Investing Contributor
Pro Member
#3 General Real Estate Investing Contributor
- Rental Property Investor
- SE Michigan
Most states will require you have a registered agent in the other state, which typically costs about $100/yr. Some states require that your LLC be registered as a foreign entity and fees vary.
A bigger question is do you really need an LLC? What are you doing?