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Updated almost 5 years ago on . Most recent reply presented by

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Shan Vincent
  • Member since Mar 29, 2019
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Shan Vincent's profile image
Shan Vincent's profile image
Shan Vincent
  • Member since Mar 29, 2019
Connect
Shan Vincent
48
Votes |
23
Posts
Tax, SDIRAs & Cost Segregation

LLC or Increase Liability Insurance Policy

Shan Vincent
Posted

I've been considering putting our properties in LLC's using a land trust set up. My accountant mentioned that we could just increase our liability insurance policy instead of paying the fees every year for the LLC's and the accounting that go along with them. I live in CA. Even if I do my LLC's in Wyoming, I will still be on the hook $1150 per LLC per year to cover the California fee and the accounting. What would you do?

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