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Updated over 7 years ago,
Series LLC for Operating Company?
I'm creating an LLC to be my management/operating company. My holding company for my long term rentals will be a Texas series LLC. I am wondering if my operating company should be a series also.
I plan on keeping my marketing, wholesaling and flipping in this operating company. I will use separate DBAs for each activity. The operating company will hold title to properties I am flipping, hopefully for 6 months or less. I do envision the possibility of having more than one property on occasion.
Should I hold these properties that are being rehabbed and sold in the operating company, each in its own series, or do I go with a traditional LLC since I won't own them for very long?
Alternatively, should I hold title to these properties in my holding company which will definitely be a series? My original reason for NOT doing this is to keep my long term portfolio as distant as possible from my ongoing business dealings with the public.
Thanks for the input!