Series LLC question

[Jojo Joy]

I am looking into forming a series LLC. Incorporate a Texas LLC having the general partner as a Wyoming LLC. I will be the general partner for the Wyoming LLC. I will be running this structure, doing business in Texas. My question is: Should the Wyoming LLC be qualified to operate in Texas in this case? Thanks in Advance!

[Tim Priebe]

Look around on BP for the "should I create an LLC or not" posts/podcasts. It can elicit strong opinions. As an attorney I will tell you that they have a place in your future. However, I will also tell you that people get way too concerned about them first and then never get around to using them properly or buying that first property. Find a good deal first. Get good insurance. Then come back to the LLC question.