It avoids the CA franchise tax, is scalable so you can add multiple assets under it while benefiting from the liability minimixation structure of child series' , and it can streamline your operations by using one set of books, bank account, etc.

Hi MitchellSo what I get out of this explanation is your wife ran up a ton of credit card debt in your name when your income was down, so you dumped her.You are in the middle of a divorce situation with her, and the financial dust between you two has not been settled, pending home sale, possible child support judgement(s) against you, possible alimony judgement against you, splitting of the debts owed to each person.If you are asking how to handle the credit card (type) debt...You can call them and ask to work out a payment plan which may stop the late fees, and will stop the credit card from working.BUT<--(That), if you're personal financial picture is not locked in yet 100% by the Divorce Court you will not know how much you can afford to pay, and still be able to eat beans and biscuits for lunch, as well as keep a roof over your head and 4 wheels in the driveway.It seems logical to lock in your financial side with court orders before agreeing to pay with money they may de-materialize due to court orders.Just my 2 cents.

Her only child that’s still alive is my uncle.

.• Criminal - If the applicant appears on the nation, state, county, or city's sex offender list, has court orders on back alimony or child support, reject them.• Past landlord reference - You can usually ignore their current landlord.

For those that do, have they ever rented to a family that needed to utilize the in-law suite for an adult child or their elderly parents.

My child is surrounded by other great two-parent families with kids her age.

Just curious to see if any of you have contributed to an education IRA 529 plan for your child's future college expenses.

Exceptions being repairs, deployment if previously lived there, spouse or child living in it instead. 

So I think it's a great way to both, create a fully separate college savings for your child and avoid taxes and thus receive a better after tax return.Ben

You use your parent LLC as the entity applying for and executing the Articles of Organization for the new "child" LLC and then use the new LLC entity to apply for an EIN.