Posted by chet on January 20, 2005 at 24:01:51:
pennywise and puund foolish?
IMHO if you worried about liability, have a lawyer for the LLC to make sure all the I’s are dotted. You would want someone coming around later and piercing the entity.
Or have atty do one and cut/paste the naes for the others.
Delaware Series LLC - Posted by JPL
Posted by JPL on January 19, 2005 at 19:11:33:
Anyone heard about the Delaware Series LLC? Trying to find the cheapest way to form separate entities for 10+ rental properties (30 units)and the low cost seems appealing but not sure about liability protection .
Re: Delaware Series LLC - Posted by Robert
Posted by Robert on February 17, 2005 at 13:24:15:
Yes, I am an Illinois attorney and form series LLC for my clients that have a variety of businesses. There are some concerns for 1031 exchanges when dealing with real estate