Looking to change my business structure (single LLC now)

[Corey Duran]

Currently, I have many properties, all under one LLC roof. I know this is not the move... That is why I am looking to change this. I am curious how I should do this. I have heard of setting up a series LLC. But these are still new and could be rejected by a lender. I have heard about having a parent company with several LLCs below it. This sounds doable. I have even heard about having a Wyoming LLC and getting very complex to have more anonymity. This seems unnecessary currently.

I am looking for more security but with a good balance of ease of use. Making 10 LLCs and bank accounts seems like a lot of work, but I guess I would be willing to do it if someone could give solid advice on how to stay organized. Also, I would like advice on whether I should set up the new LLCs or have an attorney handle that. I'm sure I could figure out how to do it. Is this a good idea? Would an attorney be able to make the LLC more secure from lawsuits? How would I transfer my current properties to the new LLCs? Quitclaim them? I want to keep my current financial position in these properties for tax purposes. I own all of them outright, so it should be slightly more manageable.

Any advice would be greatly appreciated!