Those of you who read our blog regularly know we often wax poetic about Series LLC Benefits. You may be wondering what has us so fired up. To quench your curiosity, we have collected some of our favorite benefits of the Series LLC from our perspectives as both legal professionals and real estate investors. Series LLC Benefits Mean You Easily Grow Your Business Wouldn’t it be nice if you could form as many companies as you liked, while only paying once? The Series LLC makes this possible thanks to its parent-child structure. When you establish a Series LLC, you will get a parent company that can have as many “children” as you have real estate properties. This aspect of the Series LLC allows you to incorporate as many assets as you like into the structure while also following the one asset per LLC asset protection recommendation. Each series has the same liability protections as its own mini-LLC, ensuring your assets are separate from each other (and from you!) in the event you are ever targeted by one of the more, shall we say, litigious members of our society. This guy is coming after your assets. Are you ready? Growing your business with the Series LLC is easy. To create a new child series, all you need is an item called a Series Document, then an Operating Agreement for your new series. At Royal Legal Solutions, we are happy to create these for you, but we also hope to empower you by allowing you to use the documents we create for you as templates for your own. That way, when you acquire a new asset, you will be able to add a new series to your Series LLC from the comfort of your home or office. We can always assist you with any concerns you have regarding creating these documents or transferring property, but we also want you to know the joy of easily scaling up your real estate business. Most importantly, there is no cost based on the amount of series in your structure. Whether you have 2 investment properties or 2,000, the Series LLC can work for you. Does My State Allow the Series LLC? Maybe. The types of Limited Liability Companies offered within a state is a matter set forth by state law. However, you do not need to live in a state with an in-state Series LLC option to create a series LLC. In many cases, an out-of-state Series LLC may prove better than any in-state solution. Ideally, you should form a Series LLC in a state with strong legal protections for the structure. We have found that the Texas Series LLC and Delaware Series LLC have these strong protections and work well for real estate investors all across the country–with the exception of our friends in California, who are often better off with a Delaware Statutory Trust. Is the Series LLC The Best Choice for A Real Estate Business? The Series LLC is an extremely flexible entity. We find it works well for a broad range of businesses but is especially useful for real estate investors. The Series LLC Is The Foundation for Your Asset Protection Plan The Series LLC has several benefits from an asset protection standpoint: Each series has the liability protections of a traditional LLC. The series LLC offers the protection of an infinite about of traditional LLCs, but at a fraction of the cost. You will only pay a one-time filing fee, and the taxes required by the state you form in (which you have some control over). The structure separates assets. Not only does each series hold its own asset, thus conferring the liability benefits discussed above, but each is legally separate from the other. Creating additional series is simple, making the one asset per LLC strategy easy for the real estate investor. The structure also separates assets from you personally. In the event of a judgment against one series, your other assets are safe. If the worst-case scenario of a judgment against one of your series’ occurs, you don’t have to worry about the other assets in your series LLC structure. They are protected by the fact that they are legally separate entities. There are other benefits to the structure as well, but those are the very basics in terms of how this entity easily defends your assets from lawsuits. Let Royal Legal Solutions Help You Establish Your Series LLC If you still have any questions about what the benefits the Series LLC can offer you, reach out and contact Royal Legal Solutions. We are happy to take a look at your personal investing situation and help you determine if the entity meets your real estate investing goals. Start with our investor quiz and we’ll make sure you are using the best asset protection strategies for your current situation and ambitions. Protect your investments by scheduling your personalized asset protection consultation today.