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Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
19
Votes
Max Bradshaw
  • Real Estate Agent
  • Utah
19
Votes |
21
Posts

Do I need multiple LLCs?

Max Bradshaw
  • Real Estate Agent
  • Utah
Posted

I have an LLC registered in Utah, and the title to my two rentals (in Utah) are in my LLCs name. I am acquiring another rental in North Carolina and would like to move the Deed and tile of that property to my LLC. Should I create a new LLC in North Carolina, or can I retain my LLC in Utah and consolidate all of my properties in one place?

What are the pros and cons of both? 

Most Popular Reply

User Stats

475
Posts
708
Votes
Dave Poeppelmeier
  • Realtor
  • Maumee, OH
708
Votes |
475
Posts
Dave Poeppelmeier
  • Realtor
  • Maumee, OH
Replied

This is where I would ask my attorney. Who knows what the laws are in NC vs UT, etc. I prefer to pay for that advice rather than make a big legal mistake that might help someone pierce the veil of the LLC.

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Keller Williams Citywide | Dave Poeppelmeier
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