CO LLC, FL properties... good idea?

[Chris P.]

Greetings,

I'm military and move around a lot. I have two properties in FL and one here in CO. I was wondering if it's better tax-wise to have the FL property income under a FL LLC or if it matters at all? Can I put it under my CO LLC? Am I able to have a FL LLC if I live in CO?

Thanks, All!

[Kerry Baird]

We're military, too, and recently moved to FL. I recently contacted my CPA, and asked if I can use my AZ LLC for FL properties. He said I need to register my AZ LLC with Sunbiz as a "foreign entity" doing business in FL. If you are using your out-of-area LLC to purchase properties in a different State, I suspect you will want to do the same.