Series LLC - what is it and what benefits vs regular LLC

[Dale E.]

Hello BP Members,

I'm fairly up to speed on general benefits of an LLC. In this post, I'm trying to learn more about a Series LLC.

- general understanding

- how they work

- advantages (if any) they may have if buying multiple properties as part of a long term buy and hold strategy

- any disadvantages

- does anyone have experience setting one up on the state website vs going through an attorney? Would you recommend not setting it up yourself?

I am an investor in the Chicagoland area doing business in Lasalle and Dupage counties.

Thanks!