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Updated almost 2 years ago on . Most recent reply

User Stats

37
Posts
1
Votes
Andrew P.
  • Investor
  • Syracuse, NY
1
Votes |
37
Posts

Sued in NY, properties in a Delaware series LLC

Andrew P.
  • Investor
  • Syracuse, NY
Posted

Hi! We own about a dozen properties in NY. For ease of banking and taxes we want to put them into a series LLC in another state that allows this like Delaware. However our lawyer said if we get sued in NY on one property, NY will not recognize the series as separate entities in Delaware and all properties will come under fire. Is this true?

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