Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

13
Posts
4
Votes
Matthew Sperry
  • Rental Property Investor
  • Severn, MD
4
Votes |
13
Posts

Understanding LLCs in multiple states

Matthew Sperry
  • Rental Property Investor
  • Severn, MD
Posted

Hello! We have two properties in 2 different states and we want to put them and future rentals in an LLC. Can we register ONE LLC in ONE state in which we can put out-of-state properties or do we need an LLC in each state where we have properties?

Thanks! 

  • Matthew Sperry
  • Most Popular Reply

    User Stats

    1,138
    Posts
    643
    Votes
    Nick Belsky
    • Residential and Commercial Broker
    643
    Votes |
    1,138
    Posts
    Nick Belsky
    • Residential and Commercial Broker
    Replied

    @Matthew Sperry

    You'd need to check with each state to see their requirements. Normally, you can base your LLC in one state then be approved to do business in others by registering as a foreign entity with each state's Secretary of State. Most states allow this but some do not and you would need a separate LLC for those. You could also use a holding company to umbrella the individual entities as well. For example, my holding company is based in Florida. I own rentals in Ohio and Texas, each with their own entity. Those entities are owned by my FL holding company. I was not required to register my holding company as a foreign entity in either state. You should run this by an attorney to be sure, either way.

    Cheers!

    business profile image
    Belsky Mortgage, LLC
    5.0 stars
    14 Reviews

    Loading replies...