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Updated over 3 years ago on . Most recent reply presented by

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Amby Bhagtani
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LLC or Series LLC - Looking for suggestions

Amby Bhagtani
Posted

I am looking to talk to someone who has created an LLC before or knows someone who has. Can you please message me if you have? I have been seeing online websites to create LLCs and wondering if people have gone through that experience before and the drawbacks associated with it. I also heard there is something called a series LLC, so some feedback on that would be helpful.

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Amby Bhagtani

This issue has been debated to death here. Search the forum for "LLC asset protection insurance" - and you will find dozens of long threads.

Even attorneys who specialize in asset protection completely disagree between themselves about the value of Traditional LLCs, and even more about Series LLCs. 

  • Michael Plaks
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