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General Landlording & Rental Properties

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Melissa Filler
  • Buffalo, MN
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To LLC or not to LLC

Melissa Filler
  • Buffalo, MN
Posted Sep 1 2017, 10:22

I am purchasing a property that has two residential apartments on top and two commercial shops on the bottom. I do not have a LLC at this time. The building will be purchased under me and my husbands names. I was just wondering, could I form an LLC and then rent the property to the LLC . The idea being that the LLC becomes the landlord of the property. Or would it be better just to get in umbrella policy and not deal with the LLC?

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