Are Series LLCs an option in North Carolina?
I'm looking into the available options for a wholesaler, and an out-of-state investor I've been talking to mentioned Series LLC.
From my understanding, rather than establishing a new LLC for each property and then selling the entire LLC to the buyer each time, you can establish one Series LLC and make a new "cell" for each property. Then you can add and remove members from each cell as needed.
But I can't find much information on this and I haven't been able to find any info that's NC specific. Does anybody know if this is an option here? Has anybody done this?