Almost every conversation I have with a client these days includes a discussion about a Series LLC. There are now 9 states that have Series LLC law and most states have accepted Series LLC law, even if they don’t offer that company form in the state.
Here’s the short answer as to why business owners and real estate investors should love the Series LLC: (1) It’s cheaper to run and maintain. (2) You have the ultimate in privacy because in most cases you don’t have to register the subsidiary cells. (3) You can set up subsidiary cells any day, any time, in a matter of minutes.
Here’s a great post on how real estate investors can use Series LLCs. http://www.usataxaid.com/ustaxaid-blog/3-reasons-a-series-llc-should-be-a-real-estate-investor%E2%80%99s-best-friend/comment-page-1/#comment-11316
Tags: forming a LLC • Series LLC • what is a LLC