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Updated 3 months ago on . Most recent reply

Sharad Bagri's profile image
Sharad Bagri's profile image
Sharad Bagri
  • Member since Aug 11, 2024
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Sharad Bagri's profile image
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Sharad Bagri
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Sharad Bagri
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Legal & Legislation

Real estate partnership, need to register in multiple states

Sharad Bagri
Posted

We are a few friends from California looking to invest in multi family real estate in Ohio. Initially, we were thinking to make an LLC. For LLC, we need to register in Ohio and California. If we don't go the LLC route for now and just make a general partnership, will we have to register the partnership also in both Ohio and California?
Also, for a general partnership, how do we report the taxes. Is it by filing 1065 and generating K1's or is there more to it?

Columbus, Ohio
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Samuel Diouf's profile image
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Samuel Diouf
  • Real Estate Agent
  • from Columbus & Cleveland, OH
  • Member since Sep 24, 2023
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Samuel Diouf's profile image
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Samuel Diouf
  • Real Estate Agent
  • from Columbus & Cleveland, OH
  • Member since Sep 24, 2023
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Samuel Diouf
  • Real Estate Agent
  • Columbus & Cleveland, OH
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Samuel Diouf
  • Real Estate Agent
  • Columbus & Cleveland, OH
Replied

Hey Sharad, I would connect with an attorney familiar with the laws regarding OOS entities in the market you're looking to invest in.

I'd be glad to refer you.

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