The Series LLC confers so many benefits to real estate investors that many immediately want to know if their state permits this type of entity. After all, it is an infinitely scaleable option that allows you to grow your business indefinitely without you having to pay multiple filing fees or taxes on each new series entity. Read on to learn more about what the best options are for Alaskan real estate investors hoping to take advantage of the Series LLC.
At the time of this writing, Alaska does not offer a Series LLC. Alaska, like all other 49 states, does offer a Traditional LLC, but we do not recommend that owners of multiple properties rely on the Traditional LLC alone for asset protection. Those who do are risking all of their properties in the event of a lawsuit--a problem the Series LLC can help you avoid. Learn more about the benefits of a Series LLC over Traditional LLCs from our previous article on the subject.
However, just because you reside in Alaska does not mean that you are not stuck with the Alaska LLC as your only asset protection option.
There is some good news: real estate investors in Alaska can still have a Series LLC. In fact, an investor in any state can always form a Series LLC in a jursidiction that does allow for one. We do, however, have some preferences and recommendations about the best states for forming Series LLCs.
Both Texas and Delaware offer Series LLC options that offer some of the greatest protections of any of the Series LLC entities in the country. Both the Texas Series LLC and Delaware Series LLC are low-cost entities that an investor can take advantage of, regardless of where they live or which states they own property in. You never have to even have set foot inside the state where you form your new entity to reap the Series LLC’s many benefits. Learn more details about the specific benefits these states offer investors forming their Series LLCs.
When Alaskan real estate investors get help from the legal professionals at Royal Legal Solutions, they can take advantage of the full array of asset protection options. If you wish to establish a Texas Series LLC or Delaware Series LLC, we can assist you today. Contact us to learn more about what Royal Legal Solutions can do to help you grow your real estate business cheaply and efficiently.
Scott Royal Smith is an asset protection attorney and long-time real estate investor. He's on a mission to help fellow investors free their time, protect their assets, and create lasting wealth.
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