LLC, needing help with best options. Need to decide ASAP.
Purchasing a condo in Tennessee, but we live in another state, do you recommend getting a LLC in Tennessee or our home state? We've heard getting one in Nevada or Delaware may be best. What are your thoughts, need to do as soon as possible.
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Jason Bott
#2 Insurance Contributor
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#2 Insurance Contributor
- Insurance Agent
- Nationwide
@Geri May I'd recommend saving $ on the LLC and going with General Liability limit of $1M, and add an Umbrella policy if you feel you need higher limits.
Risks with a condo rental are even less than a SFR as the condo association is controlling & insuring the common areas.