Stamford, CT · Member since 2017 · 5 posts · 1 vote
Hi BP folks!
I am interested to know if anyone has experience setting up a Delaware LLC or Series LLC. I am intrigued by a Delaware LLC (or Series) for the following reasons:
Confidentiality - as I understand, you do not have to name LLC owners or members when filing your certificate of formation
There is not requirement to file annual tax reports and just an annual tax of $300 (for the state)
I am aware that I will need to work with a registered agent in the state of Delaware.
As far as owning real estate in other states, my plan is to leverage a trust which will hold title to the property. Then, my LLC will be a beneficiary of the trust. My understanding with this method is I avoid the need to register as a Foreign Entity in the state where I am holding property.
Attorney · Austin, TX · Member since 2014 · 1k+ posts · 932 votes
8y
Hi @Corbin M. I am An asset protection lawyer, I was a bigger pockets guest, podcast #109, where I spoke in depth about asset protection. You may find answers to your questions in our podcast discussion.
Hope you find time to listen and get some useful insights.