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Updated almost 15 years ago on . Most recent reply
Conventional or Series LLC Texas Opinion
Interested in setting up a Series LLC in Texas. Plan to purchase and hold Rental property. Also, considering a DBA in the hopes of adding another barrier. Any thoughts?
Most Popular Reply
My interpretation of the series LLC advantages are that is allows for the inclusion of multiple properties in one LLC. Each property is theoretically separate. The law in Texas has however not been tested. This avoids multiple franchise fees and various other administration issues. That said; from my readings it is still recommended that you set up a separate shell company (LLC) to manage the properties. The DBA is just another line of defense and makes it more difficult for plaintiff’s attorneys to uncover the true owners in case of litigation.
The company would fall under this footprint. Series LLC with DBA managed by a Property Company established as an LLC and also under a DBA. The Series LLC would actually have the property.