Compared to an LLC, a Series LLC offers far more protection for you and your assets when it comes to lawsuits.
We all know what lawsuits are and what they’re for, right? If you’ve got money, people want it. Lawsuits are one of the easiest, yet still legal, ways to get your money. The more money you have the more likely it is someone will try to take it from you in a lawsuit. The same applies to your LLC if you have one.
The more money or equity you have inside your individual LLC, the more attractive it’s going to be for someone to sue you. And when they do, all of your assets will be caught under one legal net.
But this isn’t the case if you’re using a series of LLC’s because a Series LLC allows you to “compartmentalize” those assets. Which simply means you can spread your assets out so in case someone does sue you, only one of your assets will be at risk. This is just one of the many benefits of using a Series LLC.
I’ve already written a lot about the Series LLC, you’re welcome to read about them here. You can also read about what the IRS thinks about an LLC here.
Today I’d like to answer a question I’ve never answered before, at least on this blog. I know you might be wondering…
How Much Money Will Setting Up a Series LLC Cost Me?
Our pricing packages for setting up either an LLC or Series LLC at Royal Legal Solutions range from $850 to $4000.
So why should you bother paying for an LLC when you technically don’t need to have one? I hate to answer a question with a question, but I’ve got no choice this time! Ask yourself this: Would you rather risk losing hundreds of thousands of dollars in a lawsuit or spend a couple thousand protecting your assets?
I don’t want to see you caught up in a lawsuit with your pants down. I bet you don’t either. And remember, you’re not just paying for an LLC when you come to Royal Legal Solutions. You’re paying for our expertise, professionalism, and unwavering commitment to making sure your assets are protected from lawsuits.