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Updated over 1 year ago on . Most recent reply

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5
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Joan Saylor
1
Votes |
5
Posts

Help setting up Business Entity in Corpus Christi

Joan Saylor
Posted

I currently have only 1 investment property that is wrapping up renovation. I wanted to form the correct business structure/ entity to have ready when I refinance the property to put it under the name of the LLC at that time.

I plan to purchase several more properties over the next few years, so would it be advisable to use a TX Series LLC with each property in a different series, and an Operating Company that handles purchasing, management, etc., in a separate LLC all together?

Can I just start with the standard LLC and upgrade it to a Series at a later date?

If there are any Pro's here on BP that could give me a hand doing things right the 1st time around, that would be great too. 

BTW I am a Disabled Vet, so I know there is a discount for TX State franchise fee, maybe others too?

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