LLC doesn't own title, use for other business expenses?
I'm purchasing a duplex on a 30 year traditional mortgage. I'm planning to transfer to a LLC after the purchase, understanding the "due on sale" clause is unlikely to be enforced. Got me thinking, even if I had to maintain personal ownership of the property... are there other reasons I should conduct the property transactions through an LLC entity without the property being owned by the LLC?
Business checking accounts? More professional business? Others?
Interested to hear your thoughts.