I spoke to an asset protection planner (part of an asset protection company that has attorney's and CPA's) and I got completely confused about how to set up a business entity for asset protection. So I'm wondering wha...
Hello,I know I need to apply for LLC at Texas SOS office. But need assistance in setting up the structure, etc.Thanks for your help.Regards,Hiren Patani
I have a pretty fair idea how a Series LLC gets set up but am wondering how it works with mortgages and tax ID numbers, etc. The umbrella LLC and each individual series under the umbrella are treated as separate enti...
Hello, do you recommend setting up a separate LLC for each investment property?
For taxation purpose, how would this work? My 'Holding company X' in WY has two LLCs registered in IL, One of them is in active rental - STR, and another holds assets in a LTR business. I know that the 'Holding Compan...
We are going to put our rental properties in a Series LLC. How do I pass the properties to my heirs? A Beneficiary Deed won't work because an LLC doesn't die. Does the Trust become a member of the LLC? Should it b...
Would like to hear your experience with Ohio rentals being in Texas. I am primarily trying to figure out the TAX and ENTITY implications:1. Can you use a Texas Series LLC name instead of your own name when buying in ...
Has anyone looked into or have actually created a Holding Company which would hold multiple LLC's underneath it, then go to a bank and do one blanket mortgage with the holding company for all properties owned in the L...
I'm considering a Holding-Operating strategy for MF property management in Texas. The proposed entity will be a Texas Series LLC, e.g. ABC Holdings LLC, and each MF property will be its own series (unsure if I will do...
I'm wondering: if I do a Series LLC in a different state to hold multiple investment properties, and I reside in California, will I have to pay the California Nexus FTB Cost ($800 registering foreign entity) for each ...