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Updated about 9 years ago,
What's the best way to structure asset protection in California?
For someone that only has 6 rentals spread between California, and TX. What will be the best way to structure the ownership for these properties that can provide good asset and liability protection?
My insurance agent is suggesting a commercial umbrella. but I'm thinking about separate entities or trust. However it's expensive to do LLCs in California with $800/year tax per LLC. I've heard about series LLC, would that work in California?
What would be your recommendation for property owners at this scale?
Thanks
Alex