Investment Property Business Structure in multiple states

[Tim Clark]

Currently, I am self employed operating in a single member LLC in California. As we consider investing in other parts of the country, I am curious how a business entity can operate in multiple states. If I want to operate in CA and in VA, I am assuming that I would need to incorporate in VA as well. It would be interesting to hear from those who invest in many different states to see how they structure their business. I imagine for some of the big investors liability coverage is important and probably use an LLC as a vehicle for their business.