Forming Real Estate LLC in Ohio

[Sasha Tetera]

Hi BiggerPockets Community, 

I'm entering Ohio real estate market and looking to form an LLC. Are there benefits of forming it in another state (ex: Delaware) in regards to fees/taxes? I intend to buy more than one property in Ohio this year - should I be looking into a Series LLC instead? Or it makes more sense to convert a regular LLC into a Series when I'm buying a second property?

Thank you in advance

[Ryan Landis]

Hey @Sasha Tetera looks like you are based in CA. If that is the case, the California State Franchise Board likes collecting their fees. If you ask 100 attorneys, you will get 100 different structures (Delaware, Ohio, California, Trusts, Insurance, etc). I would honestly try to find someone in CA that understands and knows your situation clearly. If you are able to figure that out, hopefully, they can point you in the right direction. For what it is worth, in other states the fees are a lot lower than CA, but it is just $800 if you do the one. You also might have to register it as a foreign entity in the state (so need to check on any fees there). Lastly, people forget this a lot but depending on what you are doing, you may need mailing addresses, etc. where you are doing business/or registered to.