The Tax & Legal Playbook Quotes

“you may want to keep your high-equity properties separate from your high-risk properties. Consider grouping low-equity properties together in one LLC with high-equity properties in another LLC. Or when the equity in your first LLC gets too high, transfer some of the properties out to a new LLC, separating your eggs into different baskets to reduce your risk.”
― Mark J. Kohler, The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions

“What makes a Series LLC different is its ability to establish designated “series” or “mini-LLCs” within the original LLC (“parent LLC”). Each series within the parent LLC can have its own specified property, assets, investment objective, or business purpose. The debts, obligations, and liabilities of each series are only enforceable against the assets of that series, not against the assets of the parent LLC or any other series.”
― Mark J. Kohler, The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions