All Forum Posts by: Carl Stenberg

As an attorney, I always put together a so-called structure chart of the intended investment structure alongside a filing checklist that I'll discuss with my client before we make any entity formations. This ensures that the client understands the intended structure and which entity will hold what assets, whether it be a traditional or series LLC, etc.

Another thing I also believe is often overlooked is the creation of a Management LLC (an entity that will hold no assets but will deal with all third parties (tenants, contractors, etc)). Also, don't forget to keep an eye out for the recent BOIR Filing under the Corporate Transparency Act for every LLC you form; hence, a checklist is always helpful.

I think the Series is a good invention; it simplifies things for investors. However, it needs to be done correctly from the outset, I recommend using an attorney. 

It definitely makes things simpler for real estate investors, as you don't have to form multiple LLCs anymore. However, it needs to be done right from the outset, so I recommend using an attorney.