Updated about 10 years ago on .

Setting up rentals as a business
I am wondering if there are any benefits of setting up realestate as a LLP or a corporation over not. I have talked with my banker and they told me that no matter how it is set up they would look at personal and business records for funding, and I have talked with my tax person and they said as long as I keep receipts they can keep it under personal, and my insurance provider said that I am covered on that end with lots of insurance just wondering if there are any other benefits. Thanks