Is A Series LLC Right For You?
May 1st, 2006 by Grant in: Incorporating
Clark Allison from the California Estate and Business Law Blog has a good post on the protecting real estate in a new entity type called a ’series LLC’.
It’s a new entity formation that allows you to create a single LLC, but partition it for each of your properties. It keeps you from having to form a new LLC for each of your different properties, and saves a bundle on formation costs and filing fees.
I don’t think it’s available in my state yet, and there is some question as to whether the legal system will, in fact, treat the series LLC as a partitioned entity and keep assets separated.
Definitely something to look into if you’re looking to protect your investment property.
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