Registering LLC in another state

[Doug Wolff]

I'm under contract for a vacation rental property in Florida. I need to register my LLC as a foreign entity in Florida. The paperwork requires a "designated agent". Where do I find or what kind of business person serves as a "designated agent"?

[Mike S.]

Why paying two states registration when you can pay only one?

To insulate liability between all my assets, I am not putting multiple properties in the same LLC, so I am creating a new LLC per per property.

Except maybe for CA where LLCs are expensive and the use of trust is probably a good option, I am creating the LLC in the state where the property is located. This LLC is a single member, member managed LLC.

All my single member LLCs are then owned by a holding WY LLC. This allow me to get only one taxable/reporting entity, I also have the anonymity provided by WY, and most important the excellent charging order protection from WY that you don't have in many state.

I don't see any good reason for foreign registering an LLC in another state. You pay two states registration and filing, in case of legal action a creditor will probably argue that he can choose the rules of the weakest state. There is more opportunities for you to screw up somewhere and weaken the company veil...