Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
CA Resident - Do I need an LLC in each state I invest in?
I'm a CA resident with properties in the Kansas City area. We currently have a Delaware Statutory Trust that holds our properties for asset protection/anonymity. All of our units are on the KS side of the border, so we have a KS Operating LLC. As we're looking at expanding across the river into MO the initial plan we were given was to create a MO Operating LLC as well, incurring another $800/yr feee to CA. Does that sound right? Couldn't we just register the KS LLC as a foreign entity doing business in MO and avoid a second LLC?
Just curious if that's completely unreasonable before I push back on our team.