Series LLC pros and cons

[Shawn McKinney]

Has anyone switched over to SeriesLLC? If so, how has it worked out for you? Is there any case law on SLLC? I'm getting big enough where I will need to start separating assets. I'm in Arkansas and there is no case law as of yet. I can only find two SLLC on the Secretary of State site.

[Brian Boyd]

I tend to eschew Series LLCs for real estate investors. It creates a massive administrative burden since each property needs its own books, bank account, tax ID, and name. It is far simpler to create a holding company and place individual properties in that or to create subsidiary LLCs wholly owned by the Holding Co to hold particular portfolio assets. Feel free to DM to discuss further, if you would like. I regularly deal with these issues for clients and myself.