Holding Company for Developers?

[Mitch Bernstein]

I am becoming a builder/developer and wanted to know if I can start an LLC as a holding company, and then build each project under it's own LLC. The project LLC's would be held by the holding company LLC, in theory. Is this possible?

The hope is that it would provide protection and keep each project's liability separate. HOWEVER, if possible, how does this apply to the builder's license? Can each LLC under the holding company operate under the Holding company's building license?

[David Jacques]

Yup, it's often referred to as a land bank. The holding company doesn't need a GC license, but since it is all under one umbrella so to speak, it really shouldn't matter.