Investor · Nogent sur marne, Val de marne · Member since 2014 · 67 posts · 16 votes
In october 2013, I bought two houses in Atlanta using a Georgia corp. I am the president and my five children are stockholders. I lent the money to the corp. to buy the houses and they will reimburse me in 20 yearly installments.
Now to diversify, I want to use the same scheme to buy two houses in Jacksonville.
Is it better to use the Georgia corp. to buy those houses or should I create a Florida corp.?
I called a Florida lawyer who told be using the geogia corp. will be too complicated and he adviced me to create a separate Florida corp.
As I am a foreigner living in France, I am not familiarwith the US legal rules.
I'd advise buying in your same corp; however, you should register it as doing business in Florida. Otherwise you would have two US 1120 Tax Returns to prepare. I recommend insuring very well either way.