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Updated over 6 years ago on . Most recent reply

User Stats

56
Posts
19
Votes
Gideon Blustein
  • Rental Property Investor
  • Coal City, IL
19
Votes |
56
Posts

CHART: Illinois Series LLC vs. Individual LLC vs. Delaware

Gideon Blustein
  • Rental Property Investor
  • Coal City, IL
Posted

I'm at the point where, for my protection, I need to establish LLCs and make sure they're in my living trust. In order to figure out the costs of doing this in IL (where all my current and future properties are/will be) I put together the chart below to compare costs of incorporating Series vs. Individual LLC vs. Delaware. I thought maybe other BP'ers would like to see it.

Couple of assumptions that are unique to me: all properties are in IL. For added protection if filing in Delaware, I would have also done an individual LLC as a "management company" in IL. That way someone would have less success challenging the legitimacy of my Delaware LLC. DISCLAIMER: I am not an attorney and you should verify anything you do independently!

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