Hi All,There was an LLC (family owned) that I was a managing member on, but the license has elapsed this year. It was in business for a few years (started in August 2012, i believe). It was a basic LLC used for my Dad...
I came across a video that you can form an Manager Managed LLC (well call LLC A) in another states such as Delaware in order to be more anonymous when it comes to asset protection. Then you can create a Member Manage...
I have decided so far not to create a LLC for each property, instead using a good insurance. Also because getting loans is complicated in LLC and there are fees for each LLC (just $800 per year franchise tax in Califo...
My business partner and I have found another investor interested into going into business with us. Although we would prefer to use him as hard money lender, he would like to purchase rentals with us instead. How shoul...
I’m want to start with some structure. I live in Pittsburgh, Pa and my thought process was to establish a LLC that would report up to a holding company. I have not yet purchased or invested in Realestate. Any advic...
Hey everyone. I'm new here to BP and hoping to get some great advice and encouragement. I'm looking into the BRRRR strategy and currently building my team. I have run into a few questions, really just wanting to make ...
Hi BP,I am very new to entity world here. However, I have recently been looking into asset protection for our rental properties. Two companies came up 1) Andreson Advisors 2) Royal Legal Solutions. Anderson set up a h...
Hello, I was wondering who will be the right person to talk to on createing a series LLC (CPA, Lawyer etc). I currently have 5 multifamily properties under difference LLCs, i want to structure these under series LLC. ...
I often go back and forth with whether creating a series LLC advantageous or not. Any thoughts on this?
I have properties in Ohio and California. Curious how have people setup properties? Do you have one overall Trust and LLCs under each property? Or do you use a series LLC?Could use some guidance here.