In this video I explain: (i) what do LLC holding company structures look like, (ii) what are the advantages & disadvantages of holding companies, and (iii) how to set them up on your own (with holding company examples).

I try to present this in a simple and straightforward manner and address questions I think you might have. However, if you have any additional questions, please leave them in the comments section!

Although I use a Wyoming holding company structure as an example in this video, you can use other states' LLCs at the top of the holding company structure. Although WY is what I suggest for the reasons set forth in my video below, my second choice is Delaware, then Nevada, then New Mexico.

For my video on Why I Recommend a WY LLC, go here:    • Best State to Form an LLC  

✅ Go Here to Set Up a WY LLC:    • Wyoming LLC: How to Form an LLC in Wy...  

✅ Go Here to Set Up a DE LLC:    • Delaware LLC: How to Start an LLC in ...  

✅ Go Here for the Operating Agreement, Next Steps Guide and/or Contribution Agreement templates discussed in the video: https://bit.ly/Legal-Templates

If you want to set up the underlying LLC in another state, note that my YouTube channel has videos on how you can do it on your own in states like California, Texas, Florida, New York, North Carolina and others. Go here:    / @cjlawvideos  . If your state is not covered, note that you can use any video as the principles are the same in most states.

Chapters:
00:00 Intro to Holding Company Structure
00:38 Graphic on Simple Holding Company Structure
02:31 Graphic on Multi-Property Real Estate Holding Company Structure
03:48 Benefits of Holding Company Structures (Asset Protection, Privacy, Tax Return)
09:44 Any Disadvantages of Holding Companies?
11:08 How to Set Up a Holding Company Structure on Your Own

Next Steps After Setting Up Your Holding Company LLCs:

1. For my video on Steps to Take After You Create Your LLC, go here:    • What To Do After Forming an LLC - 6 C...  

2. For Comprehensive "Next Steps Guide" (covers next steps, how to prevent piercing of the LLC veil & operation issues), go here: https://bit.ly/Legal-Templates

3. For a Virtual Office (least expensive - mail accessible online), go here: https://bit.ly/LLC-Office

4. For a Virtual Office (where you can have meetings), go here: https://bit.ly/AllianceVirtualOffices

5. For a Registered Agent Service (with no price increases), go here: https://bit.ly/Registered-Agent

6. To Qualify Your LLC to Do Business in Another State, go here: https://bit.ly/Foreign-Qualification

LLC Operating Agreement Options:

1. Basic Free Version (included in Standard & Premium Packages using Link Above at the Top)

2. Better Free Version, go here:    • Operating Agreement for LLC (Free Tem...  

3. The Best Quality Template: (from related company of mine): https://bit.ly/Legal-Templates

4. For DIYers, here's my video on what should be included in your Operating Agreement:    • What to Include in Your Operating Agr...  

LLC Management & Operations:

1. For video on Manager-Managed vs Member-Managed LLC, go here:    • Manager Managed vs Member Managed (Wh...  

2. For Comprehensive "Next Steps Guide" (covers next steps, how to avoid piercing the LLC veil & operation issues), go here: https://bit.ly/Legal-Templates

3. To have Bizee file your annual reports (and/or remind you of same), go here: https://bit.ly/annual-report-service

4. For video on How to File your LLC BOI Report, go here:    • Corporate Transparency Act: How to Fi...  

If you are in California or doing business in CA and prefer to hire an attorney, feel free to reach out to me at: https://www.chrisjacksonlaw.com

Thank you!
Best regards,
Chris Jackson
@cjlawvideos

Bio:
I have over 25 years of experience as a California-licensed business attorney. I'm also an entrepreneur who has owned, managed and sold at a significant profit multiple franchise coffee houses. In addition, I have finance and operational experience in several companies, including as a Chief Operating Officer (COO) and General Counsel of a group of companies.

Legal Disclaimer:
NOTE that nothing in this video is intended to create an attorney-client relationship. This video, the description above, my answers to questions, and my channel are for general information and entertainment purposes only and should not be construed or relied upon as legal or tax advice (generally or specifically). You should not act or rely on any of the information contained herein. For legal or tax advice, I encourage you to get such advice from an attorney and/or CPA authorized to practice in the applicable state.

Affiliate Notice:
Some of the links in the description, video and/or comments may be affiliate links whereby if you select such links and purchase something, my LLC may earn a commission *(at no extra cost to you)*. Note that I only recommend companies or services I use myself, and any commissions received by my LLC support my channel, and for that I thank you - it is much appreciated!