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Updated over 4 years ago on . Most recent reply

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Mike Williams
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Protecting Yourself from Liability (sole prop/LLC/UI)

Mike Williams
Posted

I am starting out in the short term rental market and would love to hear you have set up your real estate to protect yourself from potential law suits.

I already purchased the property in my name and it has a mortgage, so transferring to an LLC is unlikely.

Operating as a sole-prop is there much that can be done to protect personal assets other than buying adequate insurance and an umbrella policy?

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