Updated over 1 year ago on . Most recent reply
Building a Second House as Long-Term Rental: Should I Subdivide?
I'm planning to build a second house on my property to be used as a long-term rental. For liability etc, I'd like to create an LLC that will own the house.
Do I need to first subdivide my property in order for the LLC to assume ownership of it? or can I keep the entire plot, build the house, and then transfer it to the LLC without subdividing?
Also, in general, any reason to subdivide prior to building other than the LLC piece?