LLC Question for Massachusetts Investors
Hello Everyone,
So I'm curious what other Massachusetts investors have done with their LLC's. I was recently told by our lawyer that we should setup a different LLC for each group of investors. So for a little background were buying a new property and two other partners are involved. One of which we already own a property with and the other it will be our first property together. We plan on buying 2-3 properties a year and each property we could have new investors so it could quickly snowball to a ridiculous amount of LLC's and way to much money going to the state for each one....
There has to be a better way for us to do this. I've heard Series LLCs are not recognized by the state of mass so do we just bite the bullet and setup one LLC for each property or is there a better way out there?
Any input would be greatly appreciated, Thanks!
Also, if anyone has any rockstar RE lawyers they recommend that would be great too!