All Forum Posts by: Account Closed

Ok, so you start a real estate holding LLC, and it's the parent company. You came up with a clever name.

Now, for every property you hold, you create a subsidiary LLC.

What the heck do you name the subsidiaries?  Because you can't name them the same as the parent company, especially if it's registered with the same state.

Thanks in advance!!

Hello, 

I had a question about flipping houses in different states, and the legality behind it.

So, long story short, my S Corporation is doing the flips.  It is incorporated with Wyoming (for obvious reasons), which is why I'm asking this question.  I do not plan on doing many of my flips in Wyoming, but rather in any state where I can get a good deal.  I understand that whenever an entity does "business" in another state, it has to file additional paperwork with that state to make a "foreign entity".  However, I don't want to file with every 50 states because it's not guaranteed that I will do business with them (or even more than once) - it's not a long-term hold, but a quick fix/flip.

Can I do flips in other states than Wyoming without doing additional filing, or is it actually required that whenever I buy a house to flip, in another state, I have to file for a foreign entity?

Thanks in advance!!

- Josh