LLCs to hold out-of-state RE

[Wesley W.]

Hello all,

Is it permissible to form an LLC is one state, but then use that entity to hold RE in another state?

The reason I ask is I have some LLCs in my home state that currently do not hold any assets, but I am looking to purchase commercial properties in another state and would like to hold them in an LLC.

Thanks in advance!

[Mark S.]

Yes.  I have KY SMLLC that is registered as foreign entity and holds property in TN.  You just have to pay fees and keep current in both states.