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Updated almost 6 years ago on . Most recent reply

Joshua Tikal's profile image
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Joshua Tikal
  • from Loveland, Colorado
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Joshua Tikal
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Joshua Tikal
  • Loveland, CO
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LLC - Investing out of state?

Joshua Tikal
  • Loveland, CO
Posted

I am looking to register a LLC in the state I live but I am looking mostly out of state for investing? Is this an issue? Or should I form a LLC in each state that I invest in?

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Greg Scott
  • #4 Wholesaling Contributor
  • Rental Property Investor
  • from SE Michigan
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Greg Scott
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#4 Wholesaling Contributor
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  • SE Michigan
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Greg Scott
#4 Wholesaling Contributor
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  • SE Michigan
Replied

Most states will require you have a registered agent in the other state, which typically costs about $100/yr. Some states require that your LLC be registered as a foreign entity and fees vary.

A bigger question is do you really need an LLC? What are you doing?

  • Greg Scott
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