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Updated about 1 year ago,
Best Entity Structuring for my Scenario
Hi,
I live in MA and own property in OH, FL and am looking to buy in GA next year. I currently have 2 LLCs for my Ohio properties. The LLCs are from MA since that's my resident state and are registered as foreign LLCs in OH. I have one LLC created from FL for my Florida properties. What is the most optimal way for me to set up entities for my properties? Should I have a different LLC created in each state that I buy property in? Should my LLCs all be MA LLCs and then register as foreign LLCs in each of the property states? Can I use one LLC to buy properties in both FL and GA?
Sorry for so many questions but would appreciate any insight from this group!
Thanks!