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Updated over 4 years ago,

User Stats

24
Posts
8
Votes
Mike Leng
8
Votes |
24
Posts

how to buy a house using an LLC that's owned by another LLC

Mike Leng
Posted

I have set up an LLC in Wyoming. According to various research I have done, if I want to buy a house in another state, say Virginia, I need to set up another LLC in Virginia. The WY LLC will be the member (owner) of the VA LLC. That's the only way to ensure anonymity. However, I am confused as how to sign the contract in VA.

If the VA LLC had been a "single layer" LLC, I would be on the filing as a member. So I would have signed the contract as "My own name, President, VA LLC". But since the only member of the VA LLC is the WY LLC, who can sign the contract as WY LLC? (The membership of WY LLC is anonymous - that's why I have the WY LLC in the first place.)

Anybody who had experience with this kind of Double LLC structure?

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