LLC for a Syndication

[Menachem Krasnjanski]

I'm investing in a syndication and I'm wondering if people set up an LLC as a LP in each deal they invest in

[Jim Pfeifer]

@Menachem Krasnjanski  I am not an attorney, or advisor or professional of any kind!

My understanding is that generally the LLC of the syndication will protect you from lawsuits dealing with that property. You are protected there. I use an LLC to invest in syndications for banking purposes as @Andrew Hogan mentioned as well as part of my overall asset protection program.  All of my assets are owned by an LLC, so if I get sued personally for something those assets will be harder to get to because they are in an LLC.  From what I understand, investing through your own LLC protects your assets from you getting sued and the syndication level LLC prevents you from getting sued should something happen at the investment property.