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LLC Pyramid Setup for the Best Protection
I have found that everyone talks about LLC's and holding companies but we never really seem to dive into what the proper "LLC Pyramid" should look like? I am hoping others can bring light into how they have set up their LLC's and why. Is it best to have a property (physically holds the property) holding LLC, then have a holding company that specifically owns the LLC's interest? Should the interest LLC be in or out of state (such as Wyoming or Delaware)? Then how have you set up your real estate pyramid when you have some properties wholly owned by yourself and others owned with partners? Do you have separate LLC's between the partner properties and your personal portfolio? Then are they tied back to an out-of-state holding LLC?
These questions (answers) can get expansive but I would appreciate hearing how you set up your LLC's and why? I look forward to the discussion.;;;