All Forum Posts by: Duane Richards
Duane Richards has started 3 posts and replied 62 times.
Post: Asset protection across states
- Cedar Hills, UT
- Posts 64
- Votes 43
@Aaron K. Thank you for the reply. Is there a recommendation for best practice? Do most states let you foreign qualify your LLC? I'll have to look into that!
I worry about having multiple LLCs outside my series for accounting reasons... still not sure how all that will work. I’ll keep researching!
Post: Asset protection across states
- Cedar Hills, UT
- Posts 64
- Votes 43
I'm brand new to the real estate investing thing and am reading/researching as much as I can. I have earnest money down on three properties in my area being built and thought about using a series LLC and child entities for each property. However I am very interested in out of state purchases, either on my own or through Roofstock or other turnkey providers. Do I need a local LLC for each state? Is it possible to use my series LLC across state lines? Or would it be easier as a start to use an umbrella insurance policy, which I will likely use as well.