Delaware Series LLC.
DELAWARE CORPORATION VS. WYOMING CORPORATION
Delaware Corporation or Wyoming Corporation? Delaware Corporation or LLC?
DELAWARE SERIES LLC: Better than using multiple LLC's?
Delaware has created an innovative solution to those with many assets and those who seek to keep it under one umbrella: The Delaware Series LLC.
On the surface, it makes to use a Delaware Series LLC for the following reasons:
Delaware Series LLC Advantage #1
Multiple partners have an interest in many different types and parcels of property.
Delaware Series LLC Advantage #1
Multiple partners have an interest in many different types and parcels of property.
Delaware Series LLC Advantage #2
There appears to be a multiple layer effect using the series LLC.
Delaware Series LLC Advantage #2
There appears to be a multiple layer effect using the series LLC.
Delaware Series LLC Advantage #3
Those who promote the Delaware Series LLC mention that it costs less to form one entity than to form multiple LLC's.
Delaware Series LLC Advantage #3
Those who promote the Delaware Series LLC mention that it costs less to form one entity than to form multiple LLC's.
HOWEVER, the following challenges are important:
Delaware Series LLC Problem #1
Many attorneys are NOT familiar with the Delaware Series LLC and those who are knowledgeable--charge an arm and a leg. This leaves you more "in the hole" on the legal fees although you saved a few hundred dollars in incorporation expenses.
Delaware Series LLC Problem #2
The Delaware Series LLC is unproven in its capacity to protect using a multi-layer approach. Many attorneys simply don't like the Delaware Series LLC because they are uncertain of the advantages, the potential problems and the protection is unproven.
Delaware Series LLC Problem #3
Considering the cost of the Wyoming LLC, you're better off with several Wyoming LLC's rather than risk using one Delaware Series LLC.
