Updated about 4 years ago on . Most recent reply
Multiple LLCs for rental properties
We have acquired one rental and transferred it to an LLC. We plan to scale up and add another property to our portfolio. What is the best way to hold this property in MI? We are thinking of creating a separate LLC to hold the new rental for liability purposes but have a concern about maintaining accounts for two LLCs and also filing taxes twice. we have read about series LLCs but are not sure whether it could be done in MI.
Thank you