C Corp (management company)... LLC's for actually holding companies?
Hello team!
I realize most of us are not attorneys; however, I'm curious how you set up your individual businesses?I'm looking at it from an asset protection, and business standardization framework.
---- I'm looking at creating a C-Corp for my Property management company (or LLC)
---- When I purchase additional properties, I'd like to consider purchasing them in individual LLC's
Can one purchase properties in personal names, but then run properties thru a management company; thereby, having some form of asset protection (running the $ thru a C-Corp).
Just curious if any of you agree/disagree with this approach? Again, I understand that I'm not receiving legal advice.. just looking for the counsel of fellow real estate investors.
Thank you!
Tom