Legal Question in Real Estate Law in Florida

Re: Setting up an LLC for real estate investment

I would suggest a separate LLC for each property, but nothing requires that. It is just ggod to protect the others from liability. If use use your company register it as a foreign LLC in Florida, so that it can legally transact business in the state. If you have any questions, please feel free to call or email. Craig Dorne 305-534-4757 or [email protected]

Re: Setting up an LLC for real estate investment

Each property should be a different LLC. This limits your liability. I am both an attorney and realtor on Boca Raton, Florida should you need counsel here. Good luck.

Re: Setting up an LLC for real estate investment

It seems the answer involves more tax consideration than a legal determination. I suggest you first speak with your accountant and afterward with counsel.

Re: Setting up an LLC for real estate investment

You have options. If you want to use the LLC you have in Ohio, for what ever reason, for example, your Ohio LLC has a credit history, then you can register your Ohio LLC with Florida as a foreign LLC, and then title the FL properties accordingly. However, I would suggest that you set up an individual LLC for each property. This is cheap insurance. If something goes bad with one property, then all are not exposed to potential future creditors. If you would like to talk, give me a call. 216.241.2500