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Updated about 3 years ago on . Most recent reply

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Josh Fox
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8
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Setting up an LLC when you have properties in multiple states

Josh Fox
Posted

My wife and I are in the process of doing the following things:

1. Buying an investment property in Kansas City, MO

2. Buying a new primary home in Charlotte, NC

3. Prepping our current home in Austin, TX to be a rental

We want to form an LLC, then quit claim the deeds for 1 and 3 into it (unsure on what to do w 2, but would love advice).

My question to all the experts out there is what state(s) should we be filing an LLC in? Our current plan is to file in NC, but my lawyer said I need to find local council in each state to quit claim the homes. Does that sound right?

Also are there any specific benefits from filing in another state like Delaware or Nevada? Seems like that’s what the smart people are doing. Want to be tax savvy wherever possible!

Noob questions so really looking for some guidance. Thanks

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