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Updated over 3 years ago,
LLC to buy properties in different states
Hi,
I currently operate a Nevada LLC with a businesspartner whose sole purpose is to buy and hold real estate. So far the LLC only owns land in Nevada, but we are looking into purchasing a single family residential to rent out in Indiana. Are there any legal requirements for a Nevada LLC to purchase a SFR in a different state? The SFR will be fully managed by a local property management company after closing. In which case are business licenses required?
Thanks for help!
Marco