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Updated about 3 years ago on . Most recent reply

User Stats

54
Posts
33
Votes
Joe Matthews
  • Real Estate Agent
  • Melbourne, FL
33
Votes |
54
Posts

Question about LLC in multiple States

Joe Matthews
  • Real Estate Agent
  • Melbourne, FL
Posted

I'm looking in multiple states to buy "flip & hold" . I want to buy under an LLC but have come to realize they are state specific.

How would I go about setting up an LLC so I can search and buy properties in several states under this entity? My states are Connecticutt, Ohio, Indiana, Wisconsin & Illinois.

Most Popular Reply

User Stats

26
Posts
12
Votes
Sergey Sidelnikov
  • Real Estate Investor
  • San Rafael, CA
12
Votes |
26
Posts
Sergey Sidelnikov
  • Real Estate Investor
  • San Rafael, CA
Replied

You can open an LLC in any state and buy the properties in any state under this LLC. You'll need to register LLC with the Secretary of State, in your example in each states of Connecticut, Ohio, Indiana, Wisconsin & Illinois before buying the properties. Talk to your CPA about tax return, almost definitely you will need to file Partnership return per each state where you'll purchase properties.

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