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LLC formed in Nevada can it do business in Florida

Asked by: gary - 12 June, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 I have a LLC in Nevada and used primarily for acquiring rental property can I use the same LLC to buy property and rent in Flordia or do I have to create a LLC in Florida too - pls advise - thanks
Answered by: Robert Kowalski - 12 June, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c Dear Gary,

In principle, you could use your NV LLC to hold a rental property in Florida. To do so you would need to foreign qualify your NV LLC in Florida, a process that would be more expensive than just forming a new FL LLC, but would make it a bit easier to manage taxes.

It is generally advised to have each rental property organized under its own LLC is the state where this property is located in. So I would say in your case its probably best to form a new FL LLC.

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