Protecting Assests Without Transferring the Deed
I live in DC and want to rent out the house that I am living in today. It is my understanding that I cannot transfer the deed into a LLC without paying a huge transfer fee. Is there anything I can do to protect myself from potential legal issues? Ideally, I would have liked to set up a LLC, but that doesn't seem reasonable when considering the fee associated with it.
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@Andy Vasquez, purchase an umbrella insurance policy for liability coverage.