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Updated over 4 years ago,
LLC Structuring in NY State
I am trying to figure out how to structure LLC's in NY. I currently have an LLC with 3 properties in it and I have a total of 6. I am currently thinking about refinancing other properties into LLCs so I need some advice on how to do. I could have each property in their own LLC or I could put two Properties in an LLC as long is there is not alot of equity on them. In the end I have always been told that I should have a "Holding Company" LLC and then have the LLCs that the properties are in to point to the holding company. Now that NY state does not allow owner of LLCs of 1-4 unit realestate to be anonymous I think I would want to avoid that setup?? It seems as though one LLC could eventually lead to my others through the holding company if I am not anonymous...or am I thinking this out wrong?
Thank you, Dennis (Rochester, NY)