How can I have new LLCs for 2 new properties with 1031 exchange
I have an Arizona single member LLC that files taxes as an S-corp "1120s" I sold that property and doing a 1031 exchange the issue I am having is because I file as an S corp I am told I need to purchase the new property with the exact same LLC. Well that LLC name matches the old property name and makes no sense for the new properties I am buying. I am looking at buying 2 properties so I would have to use that LLC for both properties and again the name matches the property I sold. 

Question is how can I have new names for the new properties I am buying and I would like to have them in separate LLCs for liability standpoint. Can I create 2 new disregarded LLCs and have the 1031 LLC that files as an S corp be the member of those LLCs or would that disqualify my 1031?

Any help would be greatly appreciated!
[{"id": "inwvuqo", "text": "My main answer is, whatever your qualified intermediary and tax advisor say to do, do that.\n\nThat being said, I'm in the middle of my first 1031 right now.  My understanding is the same LLC has to be the seller and the buyer of each property.  So you will have to buy the new properties under the old LLC.  I think (but I don't know this for certain) that later, like 13 months later, you could quit claim into other LLCs.  I'm going to ask my QI and tax advisor about that next time we talk.\n\nAlso I don't think it really matters what name is on the LLC.  No one really cares.  Most of ours have stupid names we made up.  For liability I assume you have a big umbrella policy over the top of everything?  That's as important as separate LLCs in my opinion.  Good luck!", "replies": [], "depth": 1}, {"id": "inwwd8e", "text": "&gt;Well that LLC name matches the old property name and makes no sense for the new properties I am buying.\n\nWhat? How is this even the faintest issue? You can hold your church rental in Mary Was A Thot LLC if you want...", "replies": [], "depth": 1}, {"id": "inwwke1", "text": "&gt; Can I create 2 new disregarded LLCs and have the 1031 LLC that files as an S corp be the member of those LLCs or would that disqualify my 1031?\n\nMy understanding is that this should be allowed because the 1031 has to be the same taxpayer. So long as the disregarded LLCs flow through to the same S Corp, then you should be good. Make sure that your Qualified Intermediary approves this solution.\n\nBut also, you should change the name of the S Corp LLC. And you should stop naming LLCs after property. And you should make sure your LLCs (if you have more than one) have distinct names for the sake of making sure your attorneys, accountants, etc. don't mix them up.", "replies": [{"id": "inwx6m8", "text": "123 ABC st, LLC owning 999 Main St sound like the best solution for sure.", "replies": [], "depth": 2}], "depth": 1}, {"id": "inxp5lb", "text": "What is the purpose of filing as an S corp? Do you have other non passive income in the same entity?", "replies": [], "depth": 1}, {"id": "inxwamk", "text": "So when my firm does a 1031 exchange, we open a single member disregarded llc that owns the new property and the old llc stays open and owns the llc that owns the new property. \n\nI have seen the same situation with trading into two properties. You open two new llcs that are both owned by the old one.", "replies": [{"id": "inxzk5w", "text": "I work in capital markets and see this often.", "replies": [{"id": "io06htu", "text": "So you came here to tell folks you work in capital markets but add no value to the comments, how useless of you!!  \ud83e\udd37\ud83c\udffc\u200d\u2642\ufe0f\ud83e\udd13\ud83e\udd76\ud83e\udd20", "replies": [], "depth": 3}], "depth": 2}, {"id": "io1pwa6", "text": "This is the answer.", "replies": [], "depth": 2}, {"id": "io2ln6v", "text": "Ok is this allowed for LLCs that file taxes as an S-corp?", "replies": [{"id": "io2lrsz", "text": "I believe so but your QI should be able to tell you for sure.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "inz9sdp", "text": "When I\u2019ve 1031\u2019d all they cared about is the old entity having the same ownership as the new one (single member to single member).", "replies": [], "depth": 1}, {"id": "io0lg0g", "text": "During a 1031 exchange the EIN of the ownership entity must be the same.  Example: Main Street Properties, LLC owns 123 High Street.  The LLC seller the property for X amount.  The same LLC must use all of X funds to acquire another property.", "replies": [], "depth": 1}]