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Updated about 8 years ago, 10/09/2016
Do I need another LLC?
Hello,
I am currently investing in a syndication deal. Me and a few others are members of an LLC that will hold the title of the property. So for example, Reece owns 10 percent of 999 Holdings LLC as a member.
If I were to continue doing deals like this would it makes sense and an asset protection structure point of you to transfer my own personal equity into that of another LLC? So that Reece LLC owns the 10 percent of 999 Holdings LLC instead of me personally. Then have Reece LLC as a member of the holding companies instead of me personally having equity in my own name.
Assuming that I did this: all of the money inside of Reece LLC would be used for acquisition of more assets. Could i personally fund and deposit money into Reece LLC from a separate job, say a W2.