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Updated over 5 years ago on . Most recent reply

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524
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Gulliver R.
  • Rental Property Investor
  • Seattle, WA
145
Votes |
524
Posts

Does the LLC need to match the state of property?

Gulliver R.
  • Rental Property Investor
  • Seattle, WA
Posted
Do I need to setup an LLC with the state that the property is in? For example the property being purchased is in Kansas; do I have to get a Kansas LLC? Thank you.

Most Popular Reply

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102
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60
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Raquel D.
  • Investor
  • Shakopee, MN
60
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102
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Raquel D.
  • Investor
  • Shakopee, MN
Replied

Definitely talk to any attorney for legal advice. Not advice but it really depends. Some people form LLCs in different states depending on what protections they need, but that may require registering as a foreign entity in the state where the property is. It depends on state requirements. (Like I've heard of people getting NV and DE LLCs to own their CA real properties, but then the LLC still needs to register with the CA Secretary of State as a foreign entity.)

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