LLC Structuring vs Series LLC

[Michael Ruane]

I was curious to hear of the benefits of using (s)LLC instead of an LLC. I am buying my 3rd two-unit and considering the strategy to mitigate exposure. Currently operating in a standard LLC with my partner but wondering if we consider a Series LLC would we need to pay transfer on each of the properties? Any advice would be helpful.

[Brian Bradley]

@Michael Ruane I am an asset protection attorney that represents real estate investment clients nationwide. The state you reside in is irrelevent for where you decide to set up your asset protection company. Most investors jurisdiction shop for the best protection. We use TX Series LLCs with a Land Trust for most clients in most states, except CA. The Series LLC is a great asset protection system since you get the benefit of having one LLC for tax filing, yet you can place each asset into child series. The Series LLC is the parent at the top, and it can have as many children series under it as it wants. Each child is a "series". Even though the Series LLC is one company, with one filing with the state and one tax return, each series is treated as if it were its own LLC for liability purposes.