Foreign vs Domestic LLC: What Real Estate Investors Need to Know
When you start real estate investing, you’ll likely form a Domestic LLC in your home state. But what happens if you buy property in another state? That’s where a Foreign LLC comes in.
In this lesson, Doc breaks down the difference between domestic and foreign LLCs — and why knowing when to use them matters.
What You’ll Learn
- The difference between a Domestic LLC (home state) and a Foreign LLC (other states)
- Why you need a resident agent in every state you operate a Foreign LLC
- How “process of service” works and why the Secretary of State requires it
- How companies like MyCorporation.com can simplify the process
- Practical tips for protecting yourself when expanding into new markets
Your LIFE SUCCESS WORK™
- Watch the video above
- If you own property outside your home state, set up a Foreign LLC
- Appoint a resident agent for each state you operate in
- Consider using a professional service like MyCorporation.com to handle the filings
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Learning the right entity structures can save you time, money, and stress.
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