Multi-property real estate investors use a Wyoming holding LLC over state-specific operating LLCs. Series LLC structure for portfolio-scale ownership.
By Shafwan Ahmed, Operations & Fulfillment Lead, Anonymousllc.co
Wyoming holding LLC (parent) owning state-specific operating LLCs (one per state) which in turn own individual property LLCs. For portfolios where each property's risk profile is similar and they're all in one state, a Wyoming Series LLC achieves the same isolation with one parent entity.
Multi-property portfolios are high-visibility targets. Plaintiffs' attorneys regularly cross-reference county property records with state filings to identify owners. The holding structure means a personal-name search at the parent level returns the Wyoming RA address only; individual property LLCs add another layer of separation.
Wyoming Series LLC is the standard for portfolios. Strong charging order protection. No state income tax at the parent level. Operating agreement supports complex multi-tier holding structures.
| State | Price | Notes |
|---|---|---|
| Wyoming holding + 1 state-operating LLC | $794 | $397 holding + $397 operating. Each renews $60/yr. |
| Wyoming Series LLC | $547 | $397 + $150 series add-on. One annual report for the parent. Best for multiple properties in one state. |
| Wyoming holding + state-operating LLCs for 3 states | ~$1,591 | $397 + 3 x $397. Foreign-qualify operating LLCs where required. |
Holding LLC + operating LLCs: best for multi-state portfolios. Series LLC: best for multiple properties in one state or for cost-conscious single-state portfolios.
Yes — US LLCs can hold foreign real estate, but local tax and ownership rules apply in the property country. Consult local counsel.
Single-member holding LLC with single-member subsidiaries: typically all disregarded entities. Multi-member: requires partnership return at the holding level. Complex structures benefit from CPA review.
Yes. Each LLC must maintain its own bank account for the veil to hold.
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