Series LLC or Regular LLC?

[Rodney Harris]

I am going to be working with a lawyer who likes to do series LLC's however since it's not as proven I'm leary of forming one? I'm sure he would have no suggestions if I wanted to form a regular LLC but just wondering your guys thoughts?

Thanks!

[Brandon Diaz]

I am with you.. there isn't a lot of case law behind the series LLC. I just read a book by Garrett Sutton (Robert Kiyosakis attorney) called "Limited Liability Companies and Limited Partnerships". The book is really new (Less than a month old from this post) and he for years has said the series LLC does not have any case law and basically you would become the case law. Garrett Sutton is still saying this and is referring to it as the "Are You Serious LLC?"

I hope this helps.

[Rodney Harris]

Yes I have also read that book and most of the rich dad books. Are you serious LLC hahah I saw that all the LLC lawyers got together and didn't want to endorse it so I was like ummm I don't know about this?! Lol I am probably going to go with one regular LLC for now. Thanks for your feedback

[Thomas S.]

Why do you want to form a LLC. Do you have employees ?

If you want advice on LLCs talk to your accountant not a lawyer. A accountant will likely tell you not to bother with a LLC. Insurance is all you need.