should we establish an out-of-state LLC?

[Beth Walford]

Hi! My husband and I are buying several properties in Oklahoma. We live in Florida (but have lots of family in Oklahoma). We want to put the properties into an LLC, as we both have high-liability jobs (physicians). Does the LLC have to be established in Oklahoma, or can we use a Florida LLC? Thanks!

[Ryan Jones]

Beth,

Lots of good input, but one thing that has not been mentioned.

You can register your current Florida LLC to do business in the state of Oklahoma by following a specific statutory procedure. This is often the simplest, most direct solution. However, you would want to weight the costs and benefits of doing so. Depending on your portfolio and unique situation, a separate LLC might be best.

(Obligatory disclaimer: I'm an Oklahoma attorney, but not your attorney.)

Sincerely,

Ryan