Michael Myers
Proper Series LLC Paperwork
Hey Everyone! I’ve got a TN LLC that I registered as a Series LLC (with series language in the Op Agreement). I’m set to close on a property in early August and am trying to make sure I’ve got all the correct paperwor...
Timo Loescher
Series LLC - Overhead Expenses
Hi all!
I have been lurking for months and this is the first time I have a question I can't find an answer to! My wife and I bought our first rental property and have been setting up our business and such. Our lawyer...
Jin Park
Series LLC Cashflow Question
My residency is in Atlanta and my two investment properties are in Indiana. Based on my meetings with the attorney, I have created two sets of legal entity. 1.Traditional LLC in Georgia (Operating LLC)--> This has ...
Isaac S.
Bank Account - Series LLC
Hi all, I have a series LLC setup for my properties, however my current bank (Chase) does not allow me to open an account due to this setup. Does anyone know of a bank that works with a series LLC?
Stacy Gunn
Series LLC - Bank Accounts
We just formed a TN series LLC for properties in TN but live in WA, a state that doesn't recognize the structure. Chase wouldn't open bank accounts in the name of the cells and we couldn't find a local TN bank who wou...
Adrian G.
Another Series LLC question....
Has anybody here done a Series LLC that used it for Multiple Business's? My understanding from attorneys is that theoretically you can make multiple business's under a series...EXAMPLE
AdrianG SERIES LLC------(MASTER...
Sameer D.
LLC Series Creation Advice
Hello All - I am relatively new investor and ended up with about 6-7 properties in Illinios and Indiana. I have been researching LLC creation and options and both states do support series LLC. Secondly, Illinois LLC ...
Jeff Ausdemore
Series LLC book keeping
Good morning!Just wondering if anyone has any thoughts on bookeeping for a Series LLC? Our CPA recommended separate checking accounts for each property in a Series LLC. Seems like there could be a simpler solution w...
Lisa W.
Series LLC + 1031 exchange
Hello All,Here's my situation:1st unit - no mortgage2nd unit - has a mortgage3rd unit - looking to buy and use as a primary resident for a few yearsQuestions:1) can I 1031 x/c the 1st unit to pay off the mortgage of t...
Joe E.
LLC & Series feedback
Wanted to get some informal BP feedback on legal entities, and realize this is not legal advise. I wanted to learn more about setting up legal entities for REI. After finding a mention of a law firm which specialize...