Use my LLC Florida company in all USA?

[William Laurent]

Hi. I have my company, LLC created in Florida. I would like to know if I can use the same company to close deals in another state outside Florida? or if is better have different companies (one for each different state) where I'm going to buy properties and do business? Right now I'm going to start with Wholesale, but my next stow will be fix and flip or fix and hold, I should use a different company in that specific moment, or I can handle every bring with the same one company? What is the best tax scenery involved in all this? I used to have different business before for another type of business, and I think that is much better just have one or a few to run the business. I'll really appreciate all your professional comments and knowledge about this. Thanks and have a great afternoon. Regards. William

[Adam Schneider]

@William Laurent   -- I agree with @William Morrison re differentiating between the hold and a wholesale. If you are doing business in another state, you need to "foreign qualify".

What's meant by doing business?

In today’s mobile/virtual world, it can be difficult to know just what constitutes doing business in a state. If you’re uncertain whether your particular business needs to foreign qualify, you should check with your attorney or accountant. They'll ask about the operation, physical presence, frequency of in-person meetings, % of revenue in that state, etc.

Foreign Qualification means submitting a Certificate of Authority app (might be called a Statement and Designation by a Foreign Corporation) with the Sec of State.

Here's why this might be important. If you don't, you could be subject to fines, back taxes, and THE INABILITY to sue in a state where you aren't registered.

I hope this helps.