Need advice: Create 1 company or multiple smaller companies.
I'm considering starting a company for my property ventures as they are set to increase substantially over the next 12 months. I own multiple properties in 2 different states and 1 property aboard. I consulted 2 lawyers with one proposing I start separate companies in each state and/or country that I own a property. For this recommendation, he cited various potential legal and tax reasons that can occur with properties in different states. I agree with the recommendation for my international property ventures as it makes a lot of since. I remain indifferent on the recommendation for my domestic ventures.
Can anyone advise on this recommendation? Have you encountered the same recommendations? What would you recommend?
-Brad