All Forum Posts by: Modeste Tchakoua

@Mike S. @Todd Rasmussen @Natalie Kolodij

Dear Natalie, Mike,and Todd,

Thank you for taking your previous time to respond to my question. On your suggestions, I now believe having an LLC is worth it. I have applied for one.

Thanks a million times.

Modeste

Dear Experts,

Thank you for reading my question. I would like to ask if there are any advantages of using a single member LLC Vs. putting ones personal name in a property. From my reading, the opinion is that you can still be sued personally even if you have a single member LLC. If this is true ( forgive my assumption), is there any advantage going through the extra paper work? How about the tax burden/incentives?

I am in the process of buying a property and not sure if I should put in an LLC.

Would appreciate your thoughts on this subject.

Thanks,

Modeste

@Nathan Shankles what if the tenant sues your company (LLC) and you personally?