Is limited liability corporation the best option

1 Reply

Jump to latestLatest
  • Brian BoydPro Member
    USA · Member since 2019 · 305 posts · 536 votes
    7y

    @Sharoslyn Smith Limited Liability Companies are a fantastic vehicle to protect your personal assets and provide you the flexibility needed to operate your real estate business. Be mindful of following the rules of your state and make sure to treat the LLC as a stand alone entity and not an extension of your personal estate. There are formalities that MUST be followed to ensure the corporate veil is not pierced in the event of a judgment against you.

    Talk to your lawyer about setting up an LLC for your real estate and how to make sure you follow the rules.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.