Interested in Protecting Investment Real Estate? Consider an LLC
June 16th, 2015 by beasleyferber
Many of our clients have investment rental properties. Given the litigious nature of our society today, they worry about a tenant suing them and putting all of their hard-earned properties at risk. The answer might be a Limited Liability Company, or LLC. An LLC is a business entity which can own property. The huge advantage of an LLC is that its creditors, or people suing, are limited to collecting against the LLC assets. So, if you have an investment property, and put it into an LLC, your creditors can collect against the LLC, but not your other assets. Although and LLC can conduct any type of business, it is very well suited to real estate. If you own more than one piece of real estate, each one can be in its own LLC. Of course, there are more complexities, but if you do own investment real estate, feel free to talk to us about LLCs.