Series LLC: Parent or Child LLC on Title?

Question

I have established a Series LLC in Oklahoma. I have 15 rent houses currently. The owner is carrying the note at this time but I am about to get a couple of the houses in my name. When we officially move these houses over to my LLC, which name goes on the title? The Parent or Child LLC?

If this has been answered I apologize but I have searched for hours and haven't seen any post get this far into the process.

Jason Forgey · Answer

@Steven Osterhout you would put the Series (Child) as Grantee in the deed.

So the deed would be into “Smith LLC — Series 123 Main Street” or “123 Main Street, a Series of Smith LLC”.

Steven Osterhout · Answer

Thank you. That makes sense. Just wanted to make sure. That’s what we ended up doing so everything should be on the up and up.

Steven Osterhout · Answer

So if the goal is to not pierce the corporate vail between the Child LLC’s, making the parent LLC on the title work doesn’t really make sense to me. It seems like you could connect all the properties together using the parent LLC

But also since you don’t register child LLC’s with the state, putting that on the title work doesn’t make sense. Lol. So confused.

Matthew McNeil · Answer

I have several LLCs and I'm not familiar with a Series LLC because they're not allowed in my state.  However, its my understanding that a Series LLC is technically one company with one state filing and one tax return.  Therefore, it would seem that the Parent LLC goes on the name of the title. But, that's just an educated guess.  Hopefully, another BP member will chime in and provide more clarity.  BTW - I've been considering Tulsa as a new out of state market to invest in.  You mentioned owning 15 houses there.  I'd be curious how you're doing there if you can send me a PM.  Thanks.