Series LLC Formation Lawyer in Washington DC/MD/VA

[Peter Forrest]

I listened to the podcast on asset protection, and honestly dismissed it for a couple of weeks. However, the more I am learning about RE, the more I realized that I need to have an asset protection, estate planning and all that stuff in place. My first step is get a series LLC formed in Delaware. Do you know any lawyers who can help in getting this is done right? I live in Washington DC, so someone who knows a ton about DC would be great.

Many thanks!!! I am new to the site, but will post a picture to introduce myself.

[Jeffrey S. Breglio]

On the comment of using multiple standard LLCs. REMEMBER you want more than one owner of you LLC for asset protection purposes (long explanation). And if you have more than one member of the LLC, you have to file a tax return and issue K1s. This gets costly!!

If your state does not recognize series, the create a multi-member LLC as a holding company (for asset protection and 1 tax return), then create wholly-owned subsidiary LLCs (child companies) of the holding co. These child co's will separate out the liability (like series do) but won't have to file a separate tax return. This structure basically is mirrored in the series LLC.

This is the "old fashioned" way here in Utah as we've mostly moved to the series LLC :)

Jeff