Updated over 1 year ago on . Most recent reply
Can an LLC formed in one state buy property in another state?
I am currently a realtor and also looking to form an LLC in the state of Maryland. Can I buy property in my home state of Ohio using that Maryland LLC or would I need to form another one in Ohio?
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Travis Timmons
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Travis Timmons
#4 Starting Out Contributor
Pro Member
#4 Starting Out Contributor
- Rental Property Investor
- Ellsworth, ME
The best structure for what you need is a series LLC. My attorney refers to that as a filing cabinet entity. You set up the "master" LLC in your preferred state and then put individual, local LLCs within the series LLC - like files in a cabinet - in the state that you own the property. You'll need to have a registered agent in that state, but there are loads of companies that offer that service for a very low cost.