Let me preface this by saying my ultimate goal is asset protection- that is my #1 priority. Now, moving forward I have an umbrella insurance policy, and will be opening an LLC for my current rental property. At the moment I have 1 (gotta start somewhere) but as more come along each will go in their own separate LLC. On top of this, each property LLC will be owned by an overall parent holding LLC.

I'm also aware property records are publicly searchable (if you know where to search, that is). I want to protect my privacy as much as possible also. So while LLC members are posted online, if I am my own "registered agent" that info will be posted online as well. Is it worth paying someone yearly to act as my registered agent? I'm leaning towards yes, as then the only info available online about me would be that I own the LLC and my mailing address (PO box).

But I've looked at other people's records who I know have lots of properties (one guy has 11 under his personal name) and that just astounds me. Even with a good umbrella policy, how is that good enough protection? Anyway, so I feel like compared to other people I may be too paranoid but then again you can never be too careful! Obviously I'm going to run this business ethically and will not be doing anything illegal but I don't want to leave any loopholes for anyone (attorney or otherwise) to take advantage of.

So what do you do? Am I being too paranoid?

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Am I being too paranoid? (LLC structure & insurance)

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