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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationProtection of your personal assets: LLC or increase insurance?
Edita D.'s profile image
Edita D.'s profile image
Edita D.
  • Investor
  • from San Diego, CA
  • Member since Mar 24, 2012
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Edita D.'s profile image
Edita D.'s profile image
Edita D.
  • Investor
  • from San Diego, CA
  • Member since Mar 24, 2012
Connect
Edita D.
  • Investor
  • San Diego, CA
18
Votes |
309
Posts
Tax, SDIRAs & Cost Segregation

Protection of your personal assets: LLC or increase insurance?

Edita D.
  • Investor
  • San Diego, CA
Posted Oct 31 2012, 17:48

WOW, were were looking into putting our few units into an LLC to protect our personal assets in case tenants sue, and my accountant just advised me that apart from paying to FORM an LLC, there will also be an 800$ tax/year for California (we live here). The accountant expressed his disbelief in the advantage of creating LLC and recommended to increase our insurance.
How do you guys protect your personal assets?
Thank you!
Edita :)

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