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Moving Real Estate to Series LLC

Asked by: Mike - 30 March, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 What is the process of moving privately held real estate into a new series LLC/cells?
Answered by: Roman Fichman, Esq. - 31 March, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/441.jpg-afd0fd6c303e291a6b8e74727d4f86a1 Mike,

First, one needs to redraft the operating agreement and turn it into a series LLC operating agreement. Such Operating Agreements are typically fairly complex as they need to account for multiple levels of management, control and protection.

The next step would be to transfer ownership of each property to the corresponding LLC within the series.

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