Owning our LLC's with A Limited Partnership

[Jason Pollard]

Hello All,

I am an investor/agent in Southeastern Connecticut. I have the same partner in four different LLC's that own 12 properties/ 30 doors total. We are talking about asset protection and we started researching Limited Partnerships. We will be talking to an asset protection attorney and our CPA, but has anybody reclassified the partnership LLC to a single member LLC. Our thought is making the Limited Partnership the single member of the LLC. But then when researching Limited Partnerships it states you should not make the General Partner a person but to make it an entity. So in that case we would have a S Corp as the GP? Seems like a lot but we plan to add to our portfolio and scale up so a good foundation is important. Thoughts?