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REI102: Don't Lose All Your Money & Truth About LLCs w/ Brian T. Bradley
Millennial Investing - The Investor’s Podcast Network
Limited Partners - Do You Have to Have Two People?
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You have to have two people. If you don't, then it would be like, find sibling or parent, and then to give them a one % ownership interest on the p side. It won't affect their taxes or their liability beause it's completely passive. Only a very small amount of states recognize and have series llc statutes. So unless you the client and the asset both exist in a series friendly, series l c friendly state, i would not use or recommend the series l c.
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