Legal & Legislation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply

How does this business structure sound?
I talked to an attorney who looked over my current situation (1 LLC) and recommended instead of having one LLC holding 15+ properties to divide them among smaller LLCs that contain fewer properties to separate them in case of a lawsuit. He then recommended having one LLC that owns those so I do not have to operate out of a different bank account every time. I then talked to an accountant who recommended I do the same thing but instead have the primary LLC that owns the others be a management company as well to change the income to favor more write-offs. Has anyone heard of anything similar to this? Do you do something similar? Any questions or concerns I should bring up? Complications with this?
I can provide more info but I was curious if any of you might have some insight on these suggestions.
Most Popular Reply

many of my clients do one llc per property (or in some cases per portfolio), but you lost me at the whole management company for tax write offs thing. I mean are you already licensed and self-managing?