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Updated over 3 years ago on . Most recent reply

Shehan Omantha's profile image
Shehan Omantha's profile image
Shehan Omantha
  • Member since Feb 13, 2021
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14
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1
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Shehan Omantha's profile image
Shehan Omantha's profile image
Shehan Omantha
  • Member since Feb 13, 2021
Connect
Shehan Omantha
1
Votes |
14
Posts
General Landlording & Rental Properties

Multiple LLCs for rental properties

Shehan Omantha
Posted

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

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