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Pros and cons of having one LLC for two states
So I am looking to get some feedback on the pros and cons of having one LLC for two states. The LLC would be set up in the state of Texas where I reside and buy most of my properties. I am looking to buy some more properties in Mississippi. In order to simplify accounting purposes I was thinking of simply registering the Texas LLC in the state of Mississippi And buying Mississippi properties as well in this LLC that also would own Texas properties as well.
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That will work fine as long as you properly register in Miss. It's easy. You should consider a series LLC.