LLC structure for NJ

[Shivam Patel]

Hey guys,

I wanted to get some advice on if this structure works. It's really hard to get in touch with some lawyers/cpas in my area, so I think I am just going to file everything myself. I just want to know what everyone else things about this. I plan to get an out-of-state trust(Delaware probably) that owns a series holding LLC in that state(Delaware probably). That holding LLC (lets call company A) will be filed as a LLC with tax election as S-corp and hold all the properties. I will create a NJ LLC (company B) that will be my operating company. All my properties are in NJ, and I do all my transactions here for rental income. I want to systemetize have easy filings for following tax year to have 4 filings (1 for trust, 1 for my indiviual w2, 1 for company A, and 1 for company B). I also dont want to create an individual LLC for each set of properties as I get bigger and bigger, which is why i am doing series LLC ina different state that offers it. I understand I will pay slightly more in tax since its out of state, but for the managing, its easier in the long run since it will always be 4 filing. I just don't know how much additional tax it would be since 2 of them are out of state. I think I need to file both the LLC's as S-corp tax election. I also think both need an SOP, and need to be owned by the trust ( i want to remain anonymous as i grow). That brings up the question do I need to create the trust first? Then create the LLC's one in each state. I dont know what type of trust to create. Ideally something in the long-run that is easy to have estate transfer to my future kids. I need to look up how trust filings work. What do you guys think of this structure, or is there anything here that you guys could give advice on/suggestions. Love to here the community input.