Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago on . Most recent reply

Question about LLC in multiple States
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

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.