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Updated almost 7 years ago on . Most recent reply

User Stats

144
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55
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Rob Bianco
  • Investor
  • New York City, NY
55
Votes |
144
Posts

Does a Series LLC protect your assets?

Rob Bianco
  • Investor
  • New York City, NY
Posted

I went ahead and created multiple LLC's for a couple properties I'm buying. My Lawyer said it was wise to have each property in separate LLC's in case of lawsuit or something. My Accountant recommended I look into a Series LLC that would help cut down on paperwork, clutter, and fees, but after reading Biggerpockets it seems rather divided on the topic.

My main concern is whether I'd be protected in the same way with a Series LLC that I would be if I placed each property into separate LLC's?

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