Delaware LLC vs Delaware Series LLC

[Albert Fiorillo]

Hey Everyone,

I am trying to get more information on what path i should take in structing my business. Is a Delaware Series LLC better then a regular Delaware LLC for Real Estate Investing since all properties could be in an indvidual series and that series is completely independet of all other series but you only have 1 LLC and 1 tax return to file.

Has anyone set one of them up? Pros/cons?

How do you structure your investments?
1 LLC for 1 property?

Thanks everyone,
Al

[Bill Walston]

Irrespective of the pros and cons of a DE Series LLC, will your properties all be located in DE? If not, your question, in my opinion, is pretty much moot. Your LLC should be formed in the state in which the property is located.