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Updated 2 months ago,
Real estate partnership, need to register in multiple states
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?